Updated 9 months ago on . Most recent reply
FHA or any options for property with two homes?
Hey all,
My husband and I have been searching for a property purchase, one that temporary checks our boxes and also kickstarts our investing journey. We’ve found a great option for us in Tennessee with a cabin (currently used as a str) and a mobile home. We have been told that fha will not cover this since there’s are two residences on the property. We have some $ saved but don’t have enough to put a full 20% deposit down as needed by most conventional lenders. We have no debt and good credit scores, do we have any options for making this work? I appreciate your answers and advice in advance!