Question Details

Jeremy R, Other/Just Looking in Redondo Beach, CA

FHA condo loans

Asked by Jeremy R, Redondo Beach, CA Thu Oct 9, 2008

Is FHA possible for a 2 unit building?

According to its not!

"The building must contain at least four dwelling units and can be comprised of detached and semidetached units, row houses, walkups, or an elevator structure." is not the formal hud government agency and technically has no official say. The formal hud government website does not explicitly mention this rule.

So, is this fact?

Help the community by answering this question:


No. FHA will insure condos with only 2 units. Only one unit can be financed with FHA. The problem is finding an investor that will buy the paper.
0 votes Thank Flag Link Tue Dec 1, 2009
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