I have a quick question regarding FHA eligibility. I'm planning to buy a multi-family unit with my partners through our LLC this year. We will use a conventional loan.
Next year, I'm planning to go for house hacking and the question is, Can I remain eligible for a conventional 5% or FHA 3.5% loan? My google-fu says yes I can but still want to pick your brains.
*ignore typo in the subject. I meant FHA loan :)
Yes, owning other properties has no effect on fha eligibility.
@Vipul Vaghela yes, under the scenario you described, you would still be eligible for a FHA loan.