❌ FHA Myths That Could Be Holding You Back
🏠 What Is a VA Loan and How Does It Work?
Yes — and it might be one of the smartest ways to start building wealth.
Most people think FHA loans are just for buying a modest single-family home. But here’s something few buyers realize:
👉 You can use an FHA loan to buy a 2–4 unit property — even as a first-time buyer.
It’s one of the most powerful (and underrated) ways to step into homeownership and investment at the same time.
Whether you’re looking to live in one unit and rent the others, house hack with friends or family, or create multi-generational housing, here’s how it works — and how to know if it’s right for you.
✅ FHA Loans Work for 1–4 Unit Properties
FHA financing is available for:
- Single-family homes 🏠
- Duplexes 🏘️
- Triplexes 🏢
- Fourplexes 🏬
The catch? You must live in one of the units as your primary residence.
But the other units? You can rent those out — and potentially use the rental income to help you qualify.
💬 Yes — even as a first-time buyer, and even with as little as 3.5% down.
💸 Use Rent to Help Qualify (and Offset Your Payment)
In many cases, FHA allows you to use projected rental income from the other units to help qualify for the loan — even if you don’t have landlord experience.
That means:
- You could qualify for more home
- You’ll offset your monthly mortgage with rental income
- You start building equity on a larger asset — not just a starter home
📘 Your PRMI loan expert will help estimate rent based on market comps or appraiser projections.
🔢 Down Payment Example
Let’s say you want to buy a $650,000 duplex in your area.
With FHA:
- You may only need 3.5% down = $22,750
- You can use rental income from one unit to help cover the monthly payment
- You live in one unit, rent the other, and grow equity in both
Compare that to renting an apartment — and you can see why this is one of the best-kept secrets in real estate.
🧠 Who Should Consider This Strategy?
- ✅ First-time buyers looking to build wealth faster
- ✅ Families wanting to live near each other (multi-gen)
- ✅ Buyers who want to rent part of their home for extra income
- ✅ Anyone priced out of single-family homes in their area
You don’t need to be an investor. You just need a smart plan — and the right lender to guide you.
🧱 What’s Different About FHA for Multifamily?
Compared to single-family FHA loans:
- You may need reserves (extra funds in the bank)
- Appraisal standards are slightly stricter
- You’ll need to show that rental income is realistic
That’s where working with an experienced FHA lender really matters.
At PRMI, we’ll walk you through the process and structure a plan that fits your life, your numbers, and your future goals.
🏢 Why PRMI?
As a direct FHA lender, PRMI helps you:
- Explore multifamily options with confidence
- Use rental income to your advantage
- Handle your loan 100% in-house — no brokers, no confusion
We’ve helped buyers just like you step into ownership + opportunity with one smart move.
👇 Want to Explore FHA Multifamily Financing?
Let’s look at properties, income potential, and your approval path — and build a strategy that works.