FHA 2-4 Unit Mortgages

fha duplex financing

FHA Mortgage Loans for a Duplex, Triplex or Fourplex


Are you looking to buy a duplex as your primary residence? You can live on one side and rent out a room while renting out the other side.

This is one of the best ways to get experience with real estate investing. By living in one of the units you get valuable experience to all aspects of being a landlord. This will only help you in your investing career whether you choose to manage your own properties or outsource it to a property management company.

Once you buy a 2 unit property and feel comfortable managing tenants later on you might want to make the jump to a triplex or fourplex.

One drawback to FHA purchase offers is the seller must fix any discovered repairs by an FHA appraiser before the lender approves the transaction. This is why many sellers with real estate agents choose a buyer with a conventional loan.

Examples of buying a 2-4 unit property with an FHA loan in California
County Duplex Price Duplex loan limit Down Payment Triplex price Triplex loan limit Down Payment Fourplex Price Fourplex loan limit Down Payment
Sources: FHFA & Fannie Mae. Loan limits are current as of .
L.A., Orange & Bay area $1,095,000 $1,053,000 $42,000 $1,325,000 $1,272,750 $52,250 $1,650,000 $1,581,750 $68,250
San Diego $1,000,000 $964,300 $35,700 $1,215,000 $1,165,000 $50,000 $1,510,000 $1,448,600 $61,400
Inland Empire & other counties $735,000 $702,000 $33,000 $885,000 $848,500 $36,500 $1,100,000 $1,054,500 $45.500

 

2021 California FHA Loan Limits for 2 to 4 Units
County Duplex (2 Unit property) Triplex (3 unit property) Fourplex (4 unit property)
Sources: FHFA & Fannie Mae. Loan limits are current and effective as of Jan 1, 2021.
Alameda $1,053,000 $1,272,750 $1,581,750
Alpine $702,000 $848,500 $1,054,500
Amador $702,000 $848,500 $1,054,500
Butte $702,000 $848,500 $1,054,500
Calaveras $702,000 $848,500 $1,054,500
Colusa $702,000 $848,500 $1,054,500
Contra Costa $1,053,000 $1,272,750 $1,581,750
El Dorado $765,550 $925,350 $1,150,000
Fresno $702,000 $848,500 $1,054,500
Glenn $702,000 $848,500 $1,054,500
Humboldt $702,000 $848,500 $1,054,500
Imperial $702,000 $848,500 $1,054,500
Inyo $702,000 $848,500 $1,054,500
Kern $702,000 $848,500 $1,054,500
Kings $702,000 $848,500 $1,054,500
Lake $702,000 $848,500 $1,054,500
Lassen $702,000 $848,500 $1,054,500
Los Angeles $1,053,000 $1,272,750 $1,581,750
Madera $702,000 $848,500 $1,054,500
Marin $1,053,000 $1,272,750 $1,581,750
Mariposa $702,000 $848,500 $1,054,500
Mendocino $702,000 $848,500 $1,054,500
Merced $702,000 $848,500 $1,054,500
Modoc $702,000 $848,500 $1,054,500
Mono $702,000 $848,500 $1,054,500
Monterey $946,650 $1,144,250 $1,422,050
Napa $1,045,250 $1,263,500 $1,570,200
Nevada $702,000 $848,500 $1,054,500
Orange $1,053,000 $1,272,750 $1,581,750
Placer $765,550 $925,350 $1,150,000
Plumas $702,000 $848,500 $1,054,500
Riverside $702,000 $848,500 $1,054,500
Sacramento $765,550 $925,350 $1,150,000
San Benito $1,053,000 $1,272,750 $1,581,750
San Bernardino $702,000 $848,500 $1,054,500
San Diego $964,300 $1,165,600 $1,448,600
San Francisco $1,053,000 $1,272,750 $1,581,750
San Joaquin $702,000 $848,500 $1,054,500
San Luis Obispo $898,050 $1,085,550 $1,4349,050
San Mateo $1,053,000 $1,272,750 $1,581,750
Santa Barbara $845,050 $1,021,450 $1,269,450
Santa Clara $1,053,000 $1,272,750 $1,581,750
Santa Cruz $1,053,000 $1,272,750 $1,581,750
Shasta $702,000 $848,500 $1,054,500
Sierra $702,000 $848,500 $1,054,500
Siskiyou $702,000 $848,500 $1,054,500
Solano $705,200 $852,400 $1,059,350
Sonoma $905,400 $1,094,450 $1,360,100
Stanislaus $702,000 $848,500 $1,054,500
Sutter $702,000 $848,500 $1,054,500
Tehama $702,000 $848,500 $1,054,500
Trinity $702,000 $848,500 $1,054,500
Tulare $702,000 $848,500 $1,054,500
Tuolumne $702,000 $848,500 $1,054,500
Ventura $948,650 $1,144,250 $1,422,050
Yolo $765,550 $925,350 $1,150,000
Yuba $702,000 $848,500 $1,054,500