Updated almost 3 years ago on . Most recent reply
Can I buy a package deal with a FHA loan?
Two, two families. First time home buyer I would live in one of the units and rent the other three. Would I still be able to use an FHA loan?
Most Popular Reply
To be considered for FHA, it needs to be one property not one package. "Multiple structures" on one lot with the same title/deed should still qualify for FHA. If it is two duplexes with two deeds or two separate lots, it wont qualify. The the best way to get a clear answer is to call up the bank or credit union you would be using and a couple of others and send them the listing and ask.
- Kit Serrell