What are FHA’s standards to possess a combined-use property?

What are FHA’s standards to possess a combined-use property?

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Home buyers are able to use an enthusiastic FHA mortgage to get a combined-fool around with, multi-unit property which have a down payment off just step three.5% of your property’s price.

FHA’s low-down fee alternative and flexible program guidance enable it to be simple for homeowners, actually first-timers. You can individual the structure your area and you will performs or earn money from domestic and you can industrial tenants.

What is actually a mixed-fool around with assets?

A routine combined-play with possessions when you look at the Chi town try a multi-facts building in a densely populated neighborhood. Read more