That is section of an ongoing writings series in which i address preferred questions regarding FHA fund
Brand new short response is yes, an FHA-insured home mortgage can be used to buy an excellent duplex assets, providing you satisfy several trick requirements.
Perhaps one of the most very important criteria is due to owner occupancy. Generally, the person purchasing the family need to reside in you to device, in order to use an FHA financing to purchase good duplex. The fresh new debtor must make an advance payment with a minimum of step three.5% of the cost or appraised worthy of.
For those who meet with the minimal qualification requirements toward program, while propose to are now living in among tools regarding the house, you are able to an FHA mortgage to get an excellent duplex multifamily family. (mais…)
