Purchasing first 2 unit with FHA loan

Purchasing first 2 unit with FHA loan

Chicago · Member since 2019 · 2 posts · 0 votes

Currently have a couple of 2 units I'm interested in but do not have the 3.5% any idea on how to get the downpayment?

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  • Harjeet BhattiPro Member
    Lender · Glenview IL- CDLP NMLS#230554 · Member since 2015 · 2k+ posts · 747 votes
    7y

    @ John Guider You can go in this website for down payment assistance program under IHDA

    https://www.ihda.org/my-home/getting-an-ihda-loan/.  You  need to bring 1% of your own funds and can use different programs under  IHDA. There are so many other programs available in IL depend where you are planning to purchase this property.  Not all the program can be used for 2 units.

  • Chicago · Member since 2019 · 2 posts · 0 votes
    7y

    @Harjeet Bhatti thank you so much!

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