Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

2
Posts
0
Votes
Caroline Powell
0
Votes |
2
Posts

Fha 203k- Descrepancy in units on property vs with county

Caroline Powell
Posted

Hi there!

I have found a rental property that I would like to purchase using an fha 203k loan. 

here's my issue that I can't seem to Google my way out of.

The property is listed as having 4 units with the county but there are actually 5 units.  There's four 1 bedroom/1bath in the main building and a garage apartment with a 1/1.

I know fha 203k is only for 4 units.  However, I'd convert the 2 lower units to a 3/2 for myself and my children to live in.

Would the fha approval go off of what the county states, as the property only having 4 units?

Or would an appraiser do a new appraisal and put down 5 units blowing it?


Ive also researched here about covering 5 units to 4 and some have referenced you can change a 5 unit to a 4 or have it in your plans and still get an approval...

But others say no. 

Help!

Loading replies...