Multi-Family and Apartment Investing

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Waleed Abdulrab
  • Dearborn, MI
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Is it possible to qualify for FHA without Proof of Income?

Waleed Abdulrab
  • Dearborn, MI
Posted Dec 5 2019, 22:05

I'm looking to do FHA 3.5% down on a duplex. Looking to House Hack, live in one unit, rent out the other. My only dilemma is I don't have any proof of income. I do however have close to $30,000 in savings, and am aiming at purchasing below market-value duplexes that I could fix up. That way I could raise the value of my property and charge a higher rent. I want positive cash flow.

How would I go about qualifying for this loan? My credit score is 667. Please help.

Thanks!

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