Updated about 17 years ago on .
Financing a 4 Unit Mixed Use
Hello,
I am looking to get into my first deal and have a question in terms of my financing options that I have available. I would be living in this property so I have my eyes on a 4 unit building with the first floor being a salon. I would like to get an FHA loan so i would only need the 3% down but is the only option that I have available the 203k? I do not really need any additional funding to rehab the building but I am sure I could find the minimum 5k worth of repairs to qualify for the loan. Are there any other FHA options that I could use for this deal? Thank you for your help.
Regards,
Kevin