I am dealing in Real Estate and want to know how i can invest in Houston. If you have any suggestions Please reply freely.
FHA as well as conventional mortgage lenders consider a 4 plex as a single family home as long as you occupy one of the four units as your personal residence. You would have the same interest rate as a person buying a single family house. There are a few qualifying factors in your being able to be qualified and be approved for a FHA mortgage loan, such as being in the same job career for a minimum of 2 years, able to produce federal income taxes and w-2 forms for 2 years, 6-12months of bank statements and other items your mortgage loan officer would inform you that would be necessary.
