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Updated over 5 years ago on . Most recent reply

FHA Loan and 4plexes
I understand that an FHA loan will finance the purchase of a fourplex property. My question is what if those units are 2 bedroom units? Just curious to see if there is any insight on this. I would assume that yes they would be covered.
Most Popular Reply

Thanks for the insight. I plan on living in the property for at least 1 year before moving on to the next location or the next deal. Do you need to have the downpayment on hand in order to be pre approved for a conventional loan?