Can I buy a triplex or fourplex with a mortgage?
Yes. A triplex or fourplex mortgage is standard: three- and four-unit properties qualify for FHA (3.5% down), VA ($0 down), and conventional financing when you occupy one unit. Projected rent from the other units can boost your qualifying income.
Beyond four units it becomes commercial financing. We'll structure an owner-occupied triplex or fourplex so the tenants help cover your payment.
Up to four units
Yes. FHA, VA, and conventional loans all allow properties with up to four units. If you live in one, you can use low-down-payment owner-occupied financing and rent the rest.
A fourplex is the largest property you can buy with residential financing.
Building income
Projected rent from the other units often helps you qualify, and the rental income can cover much of your mortgage. It is a powerful wealth-building move.
We finance two-to-four unit homes across Florida. Apply now and we will run your numbers.
Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.