You can purchase multi-family property with an FHA loan, as long as you are going to accupy the home. FHA certainly has easier guidlines and I think they will get easier as the year goes on in 2008, however, it is intended for owner occupied homes. good luck!
Hello Skipper. For loan guidelines for FHA properties your best answer is with the loan company you are using. As a general rule, FHA does not finance investment properties unless you're referring to the FHA 203 Rehab loan. Usually FHA guidelines are similar across the board, depending on the type of loan you are getting. Check with your lender. Good luck.