Multifamily

FHA mixed-use building guidelines

Business Owner? Buy a Mixed-Use Building with FHA

If you’re a business owner, you could purchase a residential property with a storefront or other business-purpose square footage with 3.5% down. Or, you could rent out commercial space to a tenant, offsetting primary housing expenses.  Surprisingly, FHA allows a portion of your primary residence to be commercial space. It even lets you finance the […]

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FHA multifamily loan limits 2024

FHA Multifamily Loan Limits for 2024 | How To Buy The Most Home

One of the most powerful features of FHA multifamily homebuying is that you have access to higher loan limits than are available for 1-unit, or single-family, homes Loan limits, believe it or not, can exceed $2 million.  Here’s how to leverage increased FHA multifamily loan limits. Get an FHA multifamily rate quote from a lender.

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Can you buy and move into a multifamily property if you already own a single-family?

Can You Buy a Multifamily Home When You Already Own a Single-Family?

Over the past 10 years, buying an owner-occupied multifamily property has become insanely popular.  And with Fannie Mae’s new 5% down multifamily program for 2-4 unit properties, it’s going to get even crazier. This strategy, known as “house hacking” can get your foot in the door as a landlord while reducing monthly housing expenses, thanks

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How To Get Owner-Occupied Multifamily Financing In 2024

Most people love the idea of investing in real estate. There are so many upsides: property appreciation, rental income, and the pride of running a small business. There’s just one big ugly enemy that keeps most people from doing it: fear. Here’s how to safely invest in property using an owner-occupied mortgage loan. Speak to

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Comparing single family vs multifamily duplex, triplex, fourplex with FHA.

Multifamily Loan Calculator 2024: Single-Family vs Multifamily Payment

When it comes to buying your first house, you can go the traditional route and buy a single-family home. But if you’re the kind of person who likes to think differently, a 2-4 unit home might sound more attractive. You own a home and collect rental income. And with a 3.5%-down FHA loan, the idea

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FHA 3 4 unit self sufficiency test and calculator

FHA Self-Sufficiency Test Calculator For 3- and 4-Unit Properties 2024

Breaking: Fannie Mae just announced a 5% down conventional loan with no self-sufficiency test. Interested buyers should apply now in advance of the change on November 20, 2023. Read more here. Buying a multi-unit house with an FHA loan is a fantastic idea. With one motion, you become a homeowner and a real estate investor.

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Fannie Mae 5% down conventional 2-4 unit

Fannie Mae Rolls Out 5% Down Multifamily Home Loans

It’s official: As of November 20, 2023, Fannie Mae allows 5% down payments for owner-occupied 2-, 3-, and 4-unit (multifamily) homes. This is a surprising reversal of the years-long policy of requiring 15-25% down for duplexes, triplexes, and four-plexes. It will be a major benefit to those looking to purchase a multifamily home to live

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