FHA 2-4 unit Loans

FHA Loans to purchase California 2, 3 or 4 Unit properties

We offer FHA Loans to finance the purchase of a California multi family home (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Fourplex).  This can be a great investment strategy,  as you can live in one of the units and rent out the other units.   Our California FHA 2-4 Unit loans require the standard 3.5% FHA Downpayment and that you live in and occupy one of the units.

You can use the rental income of the rented unit on a 2-unit or Duplex to help qualify.   This will determined either by using existing tenants and their actual rent rolls, or a projected rent schedule from the FHA Appraisal. Our FHA underwriters will allow you to use 75% of those rents towards your income for qualifying purposes on a 2 Unit or Duplex.

For 3-4 unit properties, the rents can also be counted towards income to help qualify – however the total projected net rents on the units must cover the entire PITI payment.   Call for details.  866-900-2342 toll free direct.   for Triplex and Quadruplex purchases, FHA also requires that you have 3 months PITI reserves remaining after closing  this helps ensure you have the ability to weather vacancies, etc.

You can also utilize FHA Loans to Refinance your current 2, 3 or 4 unit property. Call us for details on this 760-752-4480 direct.

Call us if you are interested in purchasing a California multi-unit property, and we can help you with the numbers. You might be surprised what you would qualify for! 866-900-2342 toll free direct.

We do suggest that you utilize a good California Realtor when searching for a multi-unit property, as they can help with the property search, cash flow projections, and FHA property eligibility.

  • You can utilize an FHA Loan to make your next home a true investment.
  • California FHA Loan limits for 2 units: $800,775
  • California FHA Loan Limits for 3 units: $967,950
  • California FHA Loan Limits for 4 units: $1,202,925

Many California counties are eligible for these higher FHA loan amounts for FHA 2, 3 or 4 plex purchase and refinance

Here is a complete list of California Counties and their FHA Loan Limits for Multi Units

Call the FHA Loan Pros at VanDyk Mortgage today at 866-900-2342 to get started, or apply online at VanDykFunding.com

California FHA 2-4 unit Loans