FHA Loan Can Solve The 2 to 4 Unit “Primary Residence Mortgage Misery”.

Guest Blogger Financial Writer Angelina Brown from Chicago:

Nude woman screaming. 2 to 4 Unit properties basically consist of two, three or four separate residences on the same real estate lot. These 2 to 4 unit properties are very profitable for real estate investors. Not only for regular investors, but for normal home buyers also 2 to 4 unit properties can be really lucrative.

What must you maintain to get an FHA mortgage loan for a 2 to 4 unit property?

You can easily get Federal Housing Administration approved mortgage loans to obtain a 2 to 4 unit property. Only you need to meet some important criterion. They are described below:

· First of all, you have to utilize one of the units as your primary residence.

· You may use only 75% of the rental income of the property.

· Your debt-to-income ratio must be at per with the FHA requirements.


Why FHA loans are beneficial for 2 to 4 unit primary residence mortgage?

Following are the 3 benefits that you may enjoy by taking up an FHA mortgage loan for 2 to 4 unit primary residence:

1. The reasonable down payment: This is definitely a good news for prospective home buyers. FHA requires the borrower to pay only 3% down payment for 2 unit properties and 15% down payment for 3 and 4 unit properties. So, home buyers don’t need to worry much about the down payment.

2. Rental income can be used for qualification: Home buyers may increase their purchasing capacity by using the income they are getting from the property rent. The rent that you’ll get from the other units can be used to pay off the mortgage loan on the primary unit of residence.

3. The affordability increases for buyers: The government approved mortgage loan will not only ensure you safety but your mortgage payment also may get easy. The rules and regulations have been designed keeping home buyers demand in mind. So, there is hardly any chance of inconvenience or trouble.

The benefits you may fetch from 2 to 4 unit Primary Residences:

2 to 4 unit properties are more profitable than single family properties. You may get rental income from the units you’re not using and utilize that rent for either your monthly mortgage payments or for strong financial future. So, by obtaining a 2 to 4 unit property you can get a primary residence for yourself and ensure great investment benefits for your entire life. That’s why real estate investors find 2 to 4 unit properties so profitable.

If you’re a first time home buyer and feeling apprehensive about taking up a mortgage loan for a 2 to 4 unit property, then consult any experienced professional. With proper consultation and complete knowledge about FHA mortgage loan terms, you may go ahead for a lucrative real estate investment.


Angelina Brown is a professional financial writer from Chicago.She loves to contribute financial write ups to websites and blogs so that she can help people who are struggling with financial worries. She has written various articles on mortgage, refinance, real estate and so on.

This entry was posted in Uncategorized and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *