FHA Loans For Multi-Unit Investing

[Josiah Rich]

I would like to know how to use an FHA loan to buy a multi-unit property and how to get the 20% down payment for a property of about $599,999.00?

Thank You,

[Brie Schmidt]

@Josiah Rich If you plan on living in one of the units FHA has a owner occupied 3.5% down payment loan. If it is as an investment it will be 20% - 25% down depending on how many units. The down payment must be your own funds and in your account for 2 bank statement. You can also get a gift letter from a family member for some of the down payment.