Question:
“Can I use an FHA loan to buy apartments that I’m going to live in?”
Answer:
FHA loans are for 1-4 unit owner-occupied properties.
So in theory, you can use one if you buy a duplex, triplex, or fourplex.
However, the qualifying for a triplex or fourplex is so poorly thought out that’s it’s virtually impossible to actually get an FHA loan on them.
In summary, you can get an FHA loan on a duplex, but not a 3+ unit property.
