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Quadplex · Conventional

Conventional Quadplex Loan in Florida

A conventional loan on a quadplex can start as low as 3%–5% down with PMI that cancels at 20% equity. Here is how conventional financing handles a quadplex in Florida.

4
Units
From 3.5%
Owner-Occ Down
FHA test
Self-Sufficiency
Max residential
Florida
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NMLS# 1859012 · Equal Housing Lender
Quadplex · Conventional

Conventional Quadplex Loan in Florida

Conventional financing on a quadplex avoids FHA's upfront premium and lets PMI fall off at 20% equity, which often makes it cheaper for buyers with a 680+ score. Down payments depend on occupancy and property type. For a quadplex, we run conventional against FHA so you see the real monthly difference, not just the headline rate.

A quadplex (fourplex) is the largest property that still qualifies for residential financing. Four units is the ceiling — five or more becomes a commercial loan — so a fourplex is the sweet spot for scaling with low-down, owner-occupied terms.

Owner-occupied, a fourplex uses FHA at 3.5% down, conventional, or VA at $0 down, with rent from the other three units counted toward qualifying. FHA's self-sufficiency test applies, so those three rents must cover the mortgage payment — a meaningful screen we run up front. The result is a building that can pay for itself while you live in one unit.

As an investment, a fourplex uses DSCR or conventional investor financing. We structure the loan to your strategy and confirm the rents support it.

Quadplex at a Glance

✓Four units is the maximum for residential financing.
✓Owner-occupied FHA from 3.5% down on all four units.
✓Rent from three units helps you qualify.
✓FHA self-sufficiency test must be met.

Read the full quadplex financing guide, or compare other angles: Requirements · Financing Guide · FHA · DSCR.

Quadplex Snapshot
Units4
Owner-Occ DownFrom 3.5%
Self-SufficiencyFHA test
FloridaMax residential
How It Works
01
Apply Online
5 min · soft credit pull only
02
Match Loan
We shop lenders for the property
03
Processing
Our team handles paperwork
04
Close
Typically 14–21 days
FAQ

Conventional Quadplex Loan Questions

Is a conventional loan good for a quadplex?

For stronger credit, often yes. Conventional skips FHA's upfront mortgage insurance and its PMI cancels, so the long-run cost on a quadplex can be lower. We compare both for your exact numbers.

Can I buy a fourplex with an FHA loan?

Yes, with 3.5% down if you occupy one of the four units. FHA applies a self-sufficiency test, meaning the property's rents must cover the full payment. We verify that math on your target fourplex before you commit.

Why is four units the limit for residential loans?

Lending guidelines define one to four units as residential and five or more as commercial. So a fourplex is the largest property you can finance with low-down, owner-occupied residential terms — which is why investors target it.

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Quadplex GuideQuadplex · RequirementsQuadplex · Financing GuideQuadplex · FHAQuadplex · DSCRAll Property TypesApply for Pre-Approval

Conventional Quadplex Loan?

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Figures are illustrative only and vary by property, credit score, loan amount, income, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.