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Updated about 10 years ago on . Most recent reply

I already have a standard loan on my house, can I qualify for FHA to buy multifamily 2-4 plex?
If you have done so, please give your example. Thank you
Most Popular Reply

I haven't done it personally, but yes you can get an FHA loan even if you have a conventional loan on your personal residence, assuming you meet the usual DTI, credit score minimums, etc. The only catch is that you're going to have to move into the 4plex as a condition of receiving the FHA loan.
@Melvin, that's news to me. I heard if you can prove that you'll actually be moving into the 4plex, then it can be done.