Buying A 4 Plex With Fha | Official

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

Live in one unit; tenants pay the mortgage. 📋 Eligibility Requirements buying a 4 plex with fha

75% of the total estimated gross rent must exceed the full monthly mortgage payment (PITI). This is the "make or break" rule for 3 and 4-unit properties

Ensures the bank isn't at high risk if you lose your job. Ensures the bank isn't at high risk if you lose your job

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.

Pay lower interest than commercial loans.

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