Can you buy a San Diego Duplex, Triplex, Fourplex for over $1 million with only 3.5% down?

If you’re curious about purchasing a San Diego duplex, triplex or fourplex to live in, you may have considered using an FHA loan. The most exciting aspect of an FHA loan is the ability to buy a 2-4 unit property for only 3.5% down. With the San Diego County loan limits for FHA, it may be possible for you to purchase a fourplex for over $1 million with just 3.5% down! See the loan limits for FHA and multiple units below:

 

With only 3.5% Down Payment, FHA allows for the purchase of a property with four units with a  loan amount of $1,081,450.

2015 FHA LOAN LIMITS: FOR SAN DIEGO COUNTY – OWNER OCCUPIED 1 Unit:  $562,350 2 Units:  $719,900 3 Units:  $870,200 4 Units:    $1,081,450

 

If you’d like to explore this further, please let us know and we will refer a trusted lender that can help you determine if you are eligible.

Call us today to purchase or sell your San Diego duplex, triplex, fourplex!

 

LAWRENCE DY

 

Information gathered from Sandicor. As always, please note our disclaimer.