FHA Triplex Home Loan
FHA Home Loans finance up to 96.5% of the home value of 3 unit duplex family homes. As much as 90% of rental income sought on the two other units (asides the owners residence) is provided. There is no maximum sales price on the triplex although the max loan is enforced on such property. To qualify homeowners are required to live in one of the units.
FHA’s nationwide mortgage limit for triplexes is $419,425 while the loan amount is highbrow areas is $645,300.
The Benefactor may use FHA mortgage loan to buy a home or refinance existing mortgage on the property. Using an approved down payment assistance program is permitted on triplexes.
Are you interested in buying a triplex? Get more information on FHA mortgage loans to see how you qualify.
