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Updated over 7 years ago on . Most recent reply
Owner occupied triplex
Good Morning All!
I wanted to see if my RE strategy is possible - I current own a townhouse that I rent out. I'm living with my fiance and her parents until we buy a property together. I am looking at a triplex that is in good condition in a good area but the issue is that I don't have enough cash for the down payment at 20% but would be able to swing it at 5%-10%. My first mortgage is not FHA.
So my question is, would I qualify for an FHA loan on the triplex if it is owner occupied?