FHA on 4-unit Quadplex in Indiana
Are there any lenders that will do FHA loans on a 4-unit property in Indiana? We are in a situation where 10% down would be fine but the 20-25% required for these kind of deals would be too much of a stretch. The property is currently fully rented and I would be a live in landlord. The selling price is around $225,000.
My brother and I would be on the application..My score is not great but his score is top tier and our debt/income is low.