House Hacking with FHA, but can’t get Pre-Approved...

[Ray Rhoads]

I found a fourplex I want to house hack.... Purchase with an FHA, fix it up over time and go from there. However, I own a business that I opened this year..... no W-2s. How can I get financing for this? Suggestions?

[Maxwell Fontaine]

My experience with FHA was pretty difficult to get through but they do exactly what they say. My closing took just over 50 days total because of the paperwork. They needed more/ updated income as time passed and explanations of how ill be able to cover the cost of the mortgage, i also purchased a multifamily through the 203K.

You more so since you are not "employed".  I would suggest you approach it like a business loan. Once i changed how I viewed the process it went much more smooth.  (2 years of tax returns business and 2 from personal, P&L statements down to the month, invoices, and since you have 3 extra units make sure you include the potential income you will have with tenants in the property.) They want to see how SAFE you are, not how savvy you are for finding it, which congrats on that also. 

Hope that helped some.