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Updated about 3 years ago on . Most recent reply

house hacking & credit scores
i found a great 4plex, i want to jump on the opportunity to live in one unit and rent the other three i do have a question on rather my credit score will detour me from getting a fha loan to proceed?
Most Popular Reply

@Jermaine Johnson Study the requirements for an FHA loan like a book and make sure to set yourself up for success. Examples would be building up your credit, getting the most recent tax returns for the last 2 years in the same field, building up capital for the down payment, closing costs and 6 months in reserves so you can use as much of the rental income from the other units as your own income when you getting qualified. These are some barriers I had to make sure to be able to climb over. Let me know what questions you have.
- Joshua Janus
- [email protected]
- 614-502-5316
- Podcast Guest on Show #1