FHA Loans for the refinance of 2 unit, 3 unit or 4 Unit properties

FHA Loans for the refinance of 2 unit,  3 unit or 4 Unit properties

We offer FHA Loans to refinance multi family homes (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Fourplex).   This can be a great investment strategy, as you can live in one of the units and rent out the other(s).   We are able to refinance an Owner Occupied 2-3-4 unit property up to 97.7% of the current appraised value.   FHA Does require that you live in and occupy one of the units to qualify for FHA Financing.

** We also offer FHA Loans to purchase 2-3 or 4 unit properties – more info

You can use the rental income of the rented unit on a 2-unit or Duplex to help qualify.  This will determined either by using existing tenants and their actual rent rolls, or a projected rent schedule from the FHA Appraisal. Our FHA underwriters will allow you to use 75% of those rents towards your income for qualifying purposes. For 3-4 unit properties, the rents can only be counted towards income to qualify if there is sufficient history of ownership and rental occupancy.

Call us if you are interested in refinancing your multi unit property, and we can help you with the numbers.  You might be surprised what you would qualify for!   866-900-2342 toll free direct.

Utilize an FHA Loan to keep your Multi unit home a true investment.   Here are the Multi Unit FHA Loan Limits for high cost California Counties including  Alameda, Contra Costa, Los Angeles, Marin, Monterey, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Barbara, Santa Clara, & Santa Cruz:

  • High Cost California County FHA Loan limits for 2 units:  $800,775
  • High Cost California County FHA Loan Limits for 3 units:  $967,950
  • High Cost California Countys FHA Loan Limits for 4 units:  $1,202,925

Many other California counties are eligible for higher FHA loan amounts for FHA 2, 3 or 4 plex purchase and refinance.

Here is a complete list of California Counties and their FHA Loan Limits for Multi Units

Call the FHA Loan Pros at VanDyk Mortgage today at 866-900-2342 to get started, or apply online at VanDykFunding.com

We offer these in California, Washington,  Los Angeles, San Diego, San Jose, Bay Area, Oakland, San Francisco, Monterey, Ventura, Riverside, Fresno, Bakersfield, San Bernardino, Oceanside, Long Beach, Escondido, Seattle, Tacoma, Bellingham, Spokane, Yakima, Orange County, Irvine, Huntington Beach, Anaheim, Santa Ana, Orange, Corona, Murrieta, Temecula, San Bruno, Daly City, San Marcos, Chula Vista, Sacramento, Fremont, Irvine, San Bernardino, Whittier, Fullerton,  and everything in between.

2-unit, 3-unit, 4 unit, duplex, triplex, fourplex, twoplex, threeplex, quadplex, FHA, FHA Lender, FHA Jumbo, Direct Lender