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Carlos Licon
Pro Member
  • Albuquerque
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Down Payment on a House Hack Using FHA Loan

Carlos Licon
Pro Member
  • Albuquerque
Posted Sep 14 2020, 07:57

I am currently looking at a Fourplex to house hack, I am planning to live in one unit and rent the others. Therefore, I plan on using an owner-occupied FHA Loan. However, I was speaking to some lenders and they are saying that I could only put 3.5% down on a Single Family or Duplex. That if the property is 3 or 4 units I need to put 25% down. Can anybody please verify this information?

I currently live in Albuquerque NM, and does anybody know a good lender?

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