Are two duplexes on separate tax lots eligible for FHA?

3 Replies

There's a property being sold in my area, it is marketed as a "4-plex", sold by the same owner, but it says that there are two duplexes, on separate tax lots. Would this be eligible for FHA? I heard that the owner could possibly combine these into one deed and therefore make it eligible?

Yes that would work. As long as property doesn't go over 4 units you should be good to go. Good luck! Let us know how it goes.

Originally posted by @Byron Scott :

Yes that would work. As long as property doesn't go over 4 units you should be good to go. Good luck! Let us know how it goes.

I read conflicting information about this. So FHA doesn't care that the two duplexes (marketed as a 4plex) are on two separate tax lots? I heard that FHA wants everything to be on one lot.

 

Yeah I was referring to the combining duplexes to be on one lot should work. Don't think they will let you do two lots. I'm not a pro though so ask your lender.