Only 3% down on a 5 unit?
@Jason Leavitt do I get a 3% loan even if I'm doing FHA
As I understand it you could potentially do FHA for owner-occupied up to a 4-unit property. A five unit would be commercial and conventionally needs 25% down.
I don't see Mortgage Insurance listed anywhere, with an FHA loan MI will be a big expense.
No points on the loan? Or are you including that in closing costs?
Has the property been renovated already?
Originally posted by @Michael Fuller :
Michael, google FHA MIP, as well as FHA self-sufficiency test. You should easily find the info your looking for.