| FHA will finance up to 98.15% of the value
(or purchase price) of a 3 unit triplex home for either purchase or refinance. Up to 90%
(vs. 75% for conventional loans) of the rental income from the two remaining units assists
buyers in qualifying of the mortgage. Like all FHA home loans this is for owner occupied
homes only meaning you will need to live in the property. 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 nationwide basic mortgage limits ("the floor") for a
three-unit:
and FHA maximum loan ceiling in high-cost* area's for three-units
is:
FHA will finance a purchase loan and also a refinance mortgage
loan for these types of properties.
FHA also allows the use of some specialized down-payment assistance
programs for this type of property.
If you are refinancing or looking to purchase a triplex and the FHA
loan limit is within the range you require then take a moment to learn about  FHA Loan Qualifying
* except Alaska, Hawaii, Guam, and the Virgin Islands where
the limit is adjusted 150% to $555,147 ............................................................................... |
