Live in one unit; tenants pay the mortgage. 📋 Eligibility Requirements
Pay lower interest than commercial loans.
Ensures the bank isn't at high risk if you lose your job. buying a 4 plex with fha
Calculate the Self-Sufficiency Test before offering.
For 3-4 unit properties, the FHA requires the property to pay for itself. Live in one unit; tenants pay the mortgage
This is the "make or break" rule for 3 and 4-unit properties. ⚠️ The Self-Sufficiency Test
Factor in the 1.75% Mortgage Insurance Premium. Live in one unit
To qualify for a 4-unit FHA loan, you must meet specific criteria: You must live in one unit for 12 months. Credit Score: Typically 580+ for the 3.5% down payment. Debt-to-Income (DTI): Generally must be under 43%–50%.