{"id":540,"date":"2011-05-08T23:56:37","date_gmt":"2011-05-08T23:56:37","guid":{"rendered":"http:\/\/realestatemarbles.com\/governmentloanpros\/?p=540"},"modified":"2011-05-08T23:56:37","modified_gmt":"2011-05-08T23:56:37","slug":"fha-loans-for-the-purchase-of-2-unit-3-unit-or-4-unit-properties","status":"publish","type":"post","link":"https:\/\/governmentloanpros.com\/california\/fha-loans-for-the-purchase-of-2-unit-3-unit-or-4-unit-properties\/","title":{"rendered":"FHA Loans for the purchase of 2 unit, 3 unit or 4 Unit properties"},"content":{"rendered":"

FHA Loans for the purchase of 2 unit, \u00a03 unit or 4 Unit properties<\/strong><\/p>\n

We offer FHA Loans to finance the purchase of a multi family home (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Fourplex). \u00a0 This can be a great investment strategy, as you can live in one of the units and rent out the other(s). \u00a0 This awesome opportunity only requires the standard 3.5% FHA Downpayment and that you live in and occupy one of the units to qualify for FHA Financing.<\/p>\n

You can use the rental income of the rented unit on a 2-unit or Duplex to help qualify.\u00a0This 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. For 3-4 unit properties, the rents cannot be counted towards income to qualify – IE, the buyer must qualify for the entire payment without consideration of rental income.<\/p>\n

We also offer FHA Loans to refinance your 2, 3 or 4 unit property – Call us direct for more info.<\/p>\n

Call us if you are interested in purchasing a multi unit property, and we can help you with the numbers. \u00a0You might be surprised what you would qualify for!\u00a0\u00a0 866-900-2342 toll free direct.<\/p>\n

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

You can utilize an FHA Loan to make your next home a true investment<\/em>. \u00a0 Here are the Multi Unit FHA Loan Limits for high cost California Counties including \u00a0Alameda, Contra Costa, Los Angeles, Marin, Monterey, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, and Ventura:<\/p>\n