Updated over 5 years ago on . Most recent reply
Fha new construction
Does anybody know if its possible to get an fha on a new construction loan for a 4plex if i live in one of them? I have land and now need to know what i can do with it for low out of pocket costs
Most Popular Reply
It is possible. FHA actually does a construction loan now that will be converted to an fha loan once you get the CO. I have built 2,3,and 4 plexes here in florida and what they will do is use the other units rental income as a factor for what you can afford. If you already own the land then they will use that as your deposit.