FHA 3 unit 3.5% down Owner Occupied
I am interested in purchasing the property that I live in. It is a 3 unit valued at around 260k to 300k. The units rent for $950 with long term tenants (5+ years). I think we all stay because our rent is well below current market. One bedrooms go for 1200-1400 around here.
I would like to ask the landlord for 6% sellers assist on a FHA 3.5% loan. The 6% SA will cover all of my downpayment fees. Plus a 1st time home buyer grant will pay for almost all of the FHA 3.5% requirement.
For anyone more familiar with this process, does this sound accurate? If you are a landlord would the 6% SA request be a turn down?