Buying a Commercial Property with an FHA

[Michael Uehlein]

Hi Big Pocketers! I have found a 4-unit property that I believe will be a fantastic first time house hack. This property is in the Central PA area and zoned as commercial. The financials are very attractive and the property is tenet ready. However, after researching BP for answers I have not been able to pin point an exact answer to this question. Are you able to qualify for a FHA loan for a property in a commercial zone? If not, how hard would it be to get the property in changed to a residential zone? Really any thoughts or advice you guys would have on this, I would really appreciate! Thanks, Mike

[Brie Schmidt]

@Michael Uehlein - depending on the city, many properties are grandfathered in. If this property is currently a 4 unit and grandfathered in you can do a FHA. Ask your agent to look into this