FHA Loans - FHA Programs for Duplexes
There is a FHA Loan Program that will finance or refinance up to 96.5% of the total mortgage of a duplex or double occupant unit home. This FHA loan program will credit you as much as 75% of the future rental income for the attached or second unit of this type of property.
As in all FHA home loan programs, you must be an active occupant in the property for at least one year. This means that you must be a resident in one of the units in this type of property. There are no restrictions on the total price of the property; however, the requested FHA loan amount cannot exceed the FHA Loan Limits for your area.
The FHA national wide maximum for double unit home financing in high cost areas is $800,775. This may be subject to change depending on your location so Contact Us for more information.
