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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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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How Much Money do I Need to Invest in Multifamily Property?

Disclaimer: All mentions of dollar amounts should not be considered quotes. There are so many cost variables in each person’s situation that it’s impossible to get an accurate cash outlay estimate unless you apply with a lender. The sticking point to investing in real estate is often the same: the upfront cash needed. And investing

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What Down Payment Do You Need For A Multifamily Property?

The down payment requirement for a loan program often means the difference between qualifying or not. Programs with the lowest down payments are often the most attractive. And when you’re buying a multifamily property, where loan amounts are much bigger, the lower the percentage down payment required, the better.  Here’s what down payment you can

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Risks of investing in and owning a multifamily property.

What Are The Risks of Investing In Multifamily Property?

Buying a multifamily property such as a duplex or an apartment building comes with huge advantages like semi-passive cash flow and lower cost per unit compared to single-family. And, there are safe ways to invest, especially in owner-occupied 2-4 unit multifamily homes. However, any multifamily property will require a very big upfront investment. Plus, you

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What Are The Benefits of Investing In Multifamily Property?

Owning a multifamily property can reap benefits for years, especially if you invest correctly. Perhaps the best way to acquire your first multifamily property is to buy a 2-4 unit (residential multifamily) that you plan to live in. Then, you can pay just 3.5% down and get better mortgage rates with an FHA multifamily loan.

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