Buying A 4 Plex With Fha -

For 3-4 unit properties, the FHA requires the property to pay for itself.

Buying a fourplex with an FHA loan is one of the most powerful "house hacking" strategies available. It allows you to become a landlord with a minimal down payment while using rental income to qualify for the mortgage. 🔑 The Core Benefits Only 3.5% down required. Income Counting: Use 75% of future rent to qualify. buying a 4 plex with fha

Factor in the 1.75% Mortgage Insurance Premium. For 3-4 unit properties, the FHA requires the

75% of the total estimated gross rent must exceed the full monthly mortgage payment (PITI). For 3-4 unit properties

This is the "make or break" rule for 3 and 4-unit properties. ⚠️ The Self-Sufficiency Test

Find a lender experienced in multi-unit FHA loans.