FHA Triplex (3 Unit) Mortgage Loans
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FHA finances Triplex (3 Unit) family homes.
Guidelines for Triplex family homes:
FHA loans are for owner occupied only, meaning you will need to live in one of the units for at least 1 year. There is no maximum sales price but there is a maximum loan amount for this type of property. The actual maximum loan amount will depend what state and county the property is located.
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This is more information about FHA Triplex (3 Unit) Mortgage Loans or FHA Triplex (3 Unit) Mortgage Loans and how it can help you.
NO Maximum sales price but there is a maximum loan amount for this type of property.
FHA Loan any homebuyer may use it (a common misconception is that FHA is for first time buyers only) as long as they do not currently have another FHA insured loan in their name, and if they do, it must be at a LTV of more than 75% of the current value of the home.
Rental Property You may own other rental property that is not financed by FHA and still use a FHA loan to purchase a primary residence
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