FHA money are designed for individuals to get home to reside in, so they are certainly not available for the purchase off travel land otherwise financial support attributes. Although not, an enthusiastic FHA mortgage can be produced toward a property which have right up so you can five housing units. For as long as the consumer stays in one of them, there isn’t any signal up against leasing from someone else.

Exactly what terms and conditions do FHA money provide?

FHA fund is actually repaired-price mortgage loans. Read more about A first-Time Homebuyers Guide to FHA Finance …