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FHA Guidelines: How to Qualify for a 3.5% Down Loan:
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If you want to know how to invest in multifamily real estate for just three-and-a-half percent down, this is where to start! With an FHA loan, you DO NOT need twenty percent down to begin building your multifamily investing empire. Even better? You can use the rents on the property to qualify for the loan, making it easier than ever to get into real estate in an expensive market. But, before shopping for properties, make SURE you’ll meet the qualifications.
Licensed mortgage advisor Hannah Escher returns to explain the FHA multifamily loan in detail. She’ll cover the qualifications and allowable property types, the pros and cons of FHA vs. conventional loans, and which loans work best for which investors. Ready to get your first (or next) investment property? This loan is almost impossible to beat, so take advantage while it’s around!
00:00 Multifamily for 3.5% Down!
01:24 How the FHA Loan Works
04:04 FHA Requirements
05:58 Allowable Property Types
07:52 Using Rents to Qualify
08:53 FHA vs. Conventional
13:24 Interest Rates
14:12 When to Refinance
15:36 Try this Calculator!
