FHA Investment Property Purchase

FHA Investment Property Purchase Requirements

The FHA loan is a federally insured loan that requires the buyer to put down a minimum of 3.5% of the purchase price and allows up to a 6% sellers assist.  Without getting overly technical this means the buyer is required to bring 3.5% of the purchase price to the settlement table and can wrap his or her closing costs into the loan. 

So for example if you purchase a $250,000 property using an FHA loan with  full seller's assistance you would only need $8,750 to purchase the home.  FHA loans are readily available for single family homes, duplexes, triplexes and quads but the loan amount limits vary by county and the limits for each state/county are available here



                                             Apply Online