Can you buy investment property with FHA?

Generally not. FHA does have an exception but they must go through the local home ownership center for approval. Chances of approval are slim. There are ways to have 2 FHA loans at the same time, such as FHA loan on existing loan, then relocating for work and purchasing a new home with FHA.

Yes and no. You can't buy a single family home as an investment property. However, you can buy a 2 to 4 unit using FHA as long as you live in one of the units. Great way to use rent to help pay down your mortgage. :)

Yes. Buy a 2 to 4 unit property, and live in one unit. Works out great, and you could live almost rent-free.

You must live in the home. You are allowed to purchase up to a Quad Plex however and rent out the other units.

Never seen it personally

Yes.. if you purchase a 2-4 unit property and live in one of the units, FHA will allow financing for this property type.. if your asking about a single family home purchase as an investor, then the answer is no.. If you already owned a property with an FHA loan on it now, and you no longer live in it but now rent it out, then FHA will allow you to refinance the property, but you cannot purchase a SFH with the intent of investment.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

No- you can not buy an investment property with FHA- you can use FHA to purchase a multi family (1-4 units) and rent the other units excluding the unit you will be living in.Investment properties usually require 20-25% as a down payment.