The newest small answer is sure, an FHA-insured home loan are often used to pick a great duplex assets, as long as you see a number of key standards.
One of the most crucial requirements is because of proprietor occupancy. Usually, the individual buying the household have to inhabit one device, in order to fool around with an FHA financing to find an excellent duplex. The latest debtor must https://simplycashadvance.net/personal-loans-il/ build a deposit with a minimum of step 3.5% of the purchase price otherwise appraised value. (more…)
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