| FHA loans will finance up to 98.15% of the
value of a 2 unit homes (duplex). FHA mortgages makes qualifying slightly easier than
other real estate loan programs, by crediting the buyer with up to 90% of rental income of
the remaining unit as "income" providing the buyer with a investment rental
home. FHA loans are for owner occupied properties
only, meaning you will need to live in one of the two units for at least 1 year. There is
no maximum sales price but there is a maximum loan amount for this type of property. The
actual maximum loan amount will depend what state and county the property is located.
FHA's basic nationwide mortgage limit for Two-Unit Financing:
FHA's statutory ceiling for two-unit financing in high cost areas
is:
Again, its important for you to find out the FHA loan limit for the
state and county you are purchasing or refinancing the property in. To search the exact
limit in your area please click >> Here.
FHA allows both a purchase loan or a refinance mortgage using FHA
loan financing for two unit (duplex) rental properties.
Now that you understand the basic FHA 2-unit duplex loan program,
learn about
 FHA Loan Qualifying
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