Looking to buy a place where you could sell out some of the units but still live on the property? We got you covered!
What qualifies as a multi-family home?
This type of home is a property with 2-4 separate living spaces within the same structure. A duplex is a great example of this type of property – they are often split into two different distinct living areas. You may decide to live in one unit and rent the other to reduce your expenses.
What's the plus side?
Financing available up to 4 units - this gives the homeowner the opportunity to live in one unit and make cash money off the remaining rented units!
Higher conforming loan limits can keep rates down for these types of properties – no need for a jumbo loan here!
As long as one unit is your primary residence the property is considered owner occupied.
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