FHA loan for 2-4 unit property

[Disia Page]

I was told by a lender that I need to put 25% down for a 3-unit property in California because in this sector I'll be competing with investors who would be paying cash and flipping for a profit. Basically, he was discouraging me from trying to pursue properties of this size. Has anyone had any experience successfully utilizing an FHA loan for 2-4 unit properties?

[Dan D.]

Similar situation happened to me. Mortgage broker kept insisting that in 2018 FHA was no longer 3.5% down and had to put down 15%. I kept fighting him on this and he eventually just stop communicating with me.

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