{"id":2793,"date":"2022-12-05T16:04:05","date_gmt":"2022-12-05T16:04:05","guid":{"rendered":"https:\/\/toplevelhomeloans.com\/?p=2793"},"modified":"2022-12-05T16:10:15","modified_gmt":"2022-12-05T16:10:15","slug":"prestamo-fha-para-casa-con-multiples-unidades","status":"publish","type":"post","link":"https:\/\/toplevelhomeloans.com\/en\/prestamo-fha-para-casa-con-multiples-unidades\/","title":{"rendered":"FHA loan for Multi-unit properties"},"content":{"rendered":"
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FHA loan for Multi-unit properties<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Did you know that an FHA loan can be used to purchase a two, three, or even four unit home?<\/span><\/p>

In this video, I'll show you what the bank requires and how you can meet those requirements.<\/span><\/p>

If you haven't visited my page before, my name is Miguel G\u00f3mez from Top Level Home Loans, and here we focus on providing you with information and strategies for obtaining that home loan.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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If you've heard that you need 20% or 25% down to buy a multi-family home, the truth is that the FHA loan will allow you to do so with just 3.5%.<\/span><\/p>

It does not require anything more than that; you only need to live in one of the units; you cannot use it solely for investment, but you can completely return it to an investment house in the future.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Now, the really cool thing about the FHA loan is that if you decide to buy a house with more than one unit, you can tell the bank that you want to live in one of the units and the bank will let you use the rent or the alleged rent from the other units to qualify.<\/span><\/p>

Obviously a house that has more units is a little more expensive, but with the rent you're getting from the other units, it can help you qualify.<\/span><\/p>

We do this by using a form called a 1007, also known as a rent analysis, which tells us how much the rent of those units can be when the appraiser goes to look at the price of the house.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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The coolest part is that the bank finally recognizes that income as income received in order for you to qualify for the units.<\/span><\/p>

It will not take 100% of your income, but it will take 75%, which is sufficient to help you qualify.<\/span><\/p>

The FHA has loan limits that vary by county, so depending on where you are, look for FHA Loan Limits in the state where you are and that's it, you'll see how much they lend you for each unit.<\/span><\/p>

It will then tell you how much each unit costs for one, two, three, or four units.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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In any case, you must qualify based on your income and rent, so you will still need someone to review the numbers to determine if you qualify for more than one unit.<\/span><\/p>

However, it is a very good option for being able to buy a house with multiple units and a small down payment.<\/span><\/p>

So, I hope this information was useful to you. As I previously stated, you can purchase more than one unit, and in the long run, it will be a very good investment.<\/span><\/p>

If I had it to do over, I would buy a house with multiple units with an FHA loan to get a rental house again, and eventually you can move to another house, which you can do sequentially with bank loans.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Obviously, there are numerous factors to consider in this case, so remember to consult with a professional who can assist you in analyzing all of the numbers.<\/span><\/p>

As always see you in the next blog, thank you so much for being here and follow our pages for more information like this.<\/span><\/p>

Thank you!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

\u00bfSab\u00eda que un pr\u00e9stamo de la FHA se puede usar para comprar una casa de dos, tres o incluso cuatro unidades? En este video, te mostrar\u00e9 lo que requiere el banco y c\u00f3mo puedes cumplir con esos requisitos. Si no has visitado mi p\u00e1gina antes, mi nombre es Miguel G\u00f3mez de Top Level Home Loans, … Read more<\/a><\/p>","protected":false},"author":1,"featured_media":2795,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/toplevelhomeloans.com\/en\/wp-json\/wp\/v2\/posts\/2793"}],"collection":[{"href":"https:\/\/toplevelhomeloans.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/toplevelhomeloans.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/toplevelhomeloans.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/toplevelhomeloans.com\/en\/wp-json\/wp\/v2\/comments?post=2793"}],"version-history":[{"count":0,"href":"https:\/\/toplevelhomeloans.com\/en\/wp-json\/wp\/v2\/posts\/2793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/toplevelhomeloans.com\/en\/wp-json\/wp\/v2\/media\/2795"}],"wp:attachment":[{"href":"https:\/\/toplevelhomeloans.com\/en\/wp-json\/wp\/v2\/media?parent=2793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/toplevelhomeloans.com\/en\/wp-json\/wp\/v2\/categories?post=2793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/toplevelhomeloans.com\/en\/wp-json\/wp\/v2\/tags?post=2793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}