FHA financing question on 4plex

[Evan Morrison]

I'm looking at a property in college station Texas, it's a 4plex with a "bonus"office space on ground level. Would it be possible to get a FHA loan on a property like this? Or would it be looked at as a commercial property because it's essentially 5 units and one of them a commercial space, or is there possibly a creative way to make this work, Maybe by converting the space to be used by the tenants?

[Joel O'Leary]

Get a copy of the county records, and see how the property is legally recorded. If it's classified as a 1 to 4 Unit residential building I see no reason you couldn't obtain an FHA loan. If commercial, you're stuck with commercial lending.

 If you Google “Brazos County Property Record Search” there is a website to show all the publicly available tax information. You can search by the property address. That may show you what it’s recorded as. 

Good luck!