Will FHA approve a multi unit property if the units are in 2 separate buildings?

Asked by Daniel, Indiana, PA Tue Jan 11, 2011

I am looking at buying property that has one house ( that I will occupy) and has a separate building with 2 apartments in it. When I applied for a mortgage today I was told that FHA will NOT approve this because the units are not all under one roof. Is this true?

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Barbara Gray, Agent, Blairsville, PA
Sun Mar 31, 2013
I was in a deal like that and the buyers did go FHA one was a home that they were going to live in the other sep home was a triplex . I did have little trouble fining a lender to do this after many calls we found one.Just keep calling
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, ,
Wed Jan 12, 2011
Hello Daniel,
Gerard is correct.

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Gerard Dunn, Agent, Chevy Chase, MD
Tue Jan 11, 2011
No - they will not. To be honest - you will have to buy the home with a conventional loan.

Expect to make a larger down payment - and there may be some appraisal issues.

May be best to approach a local bank that knows the market to see what they may do for you.

Good Luck!

Gerry Dunn
Associate Broker
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