We offer FHA Loans on 2 unit, 3 unit, or 4 unit properties for Purchase and Refinance.

We offer FHA Loans to finance the purchase of a multi family home (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Fourplex) as well as refinance your current loan into an FHA or Streamline Refinance your existing FHA Loan.   This can be a great investment strategy, as you can live in one of the units and rent out the other(s).   This awesome opportunity only requires the standard 3.5% FHA down payment and that you live in and occupy one of the units to qualify for FHA Financing.  

You can use the rental income of the rented unit on a 2-unit or Duplex to help qualify.  This will determined either by using existing tenants and their actual rent rolls, or a projected rent schedule from the FHA Appraisal.   Our FHA underwriters will allow you to use 75% of those rents towards your income for qualifying purposes.   

We now offer Down Payment Assistance options for Duplex / 2-Unit home purchases. 

We offer Zero down payment required Duplex loans for qualified Buyers. 

For 3-4 unit properties, the rents can also be counted towards income to help qualify - however the total projected rents less the FHA vacancy factor on the units must cover the entire PITI payment.   This is called the FHA Self Sufficiency Test.  We can help determine a properties eligibility,  please don't hesitate to give us a call for help at 760-752-4480.

*** Call for details.  866-900-2342 toll free direct.   For Triplex and Quadruplex purchases, FHA also requires that you have 3 months PITI reserves remaining after closing  this helps ensure you have the ability to weather vacancies, etc.  

Call us if you are interested in purchasing a multi unit property, and we can help you with the numbers.  You might be surprised what you would qualify for!   866-900-2342 toll free direct.

We do suggest that you utilize a good Realtor when searching for a multi-unit property, as they can help with the property search, cash flow projections, and FHA property eligibility.   

You can utilize an FHA Loan to make your next home a true investment.   Here are the Multi Unit FHA Loan Limits for high cost California Counties including  Alameda, Contra Costa, Los Angeles, Marin, Monterey, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, and Ventura: 

  • High Cost California County FHA Loan limits for 2 units:  $1,394,775
  • High Cost California County FHA Loan Limits for 3 units:  $1,685,850 
  • High Cost California Countys FHA Loan Limits for 4 units:  $2,095,200

Many other California counties are eligible for higher FHA loan amounts for FHA 2, 3 or 4 plex purchase and refinance. 

Here is a complete list of California Counties and their FHA Loan Limits for Multi Units

Here are the FHA loan limits for non- high cost designated counties across the nation:

  • Standard County FHA Loan limits for 2 units: $604,400
  • Standard County FHA Loan Limits for 3 units: $730,525
  • Standard County FHA Loan Limits for 4 units: $907,900

Many counties fall in between the high cost cap and the floor.   

Call the FHA Loan Pros at VanDyk Mortgage today at 866-900-2342 to get started, text Brian at 760-752-4480 or apply online at VanDykFunding.com  

Multiunit homes have many names such as 2-unit, 3-unit, 4 unit, duplex, triplex, fourplex, twoplex, threeplex, quadplex, units, etc.   

Ready to get started on your new loan?  Have a Question for the Loan Pros?

>>  Call 866-900-2342 toll free 

>>  Call or Text at 760-752-4480

>>  Email bskaar@vandykmortgage.com

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