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Can I buy 2 duplexes, build side by side and being sold by the same seller with a single fha loan?

by metzzo493 from Stonington, Connecticut. Dec 10th 2020 Reply


Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Sorry, but no. Because these are two different 2-family buildings, it would require two loans. FHA would allow you to move into one of the units of one of the properties and call it a primary residence, renting out the other unit, but the second building would be considered an investment property and FHA does not lend on investment properties, except where the borrower is residing in one of the units. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except MA and NY and we are pending approval in VA. ~ www.ApplyYes.com 480-889-9000.

Dec 10th 2020
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Melissa Mason (mmason)
#8 ranked lender in Connecticut - 23 contributions

The answer is no, as these would need to be two separate transactions, one you could purchase FHA as long as it will be owner occupied, the other would need to be an investment purchase.thank youMelissa Mason - Envoy Mortgage 70585Licensed in CT, NY, FL & GA

Dec 10th 2020
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions

No. That is only maybe possible with a commercial loan.

Dec 14th 2020
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