FHA MultiFamily

Duplex, Tri-Plex or 4-Plex Home Loan

*Renters Pay The Mortgage! Be Your Own Landlord*

* FHA Loans as high as $612,600 owner occupied

* Live in 1 unit and rent out the other(s).

* Use the other rental unit(s) to qualify for the loan.

* Low down-payment - most programs require 20% down.

* Must be owner occupied

New FHA 2010 Rules

Allowable Seller paid closing costs will be reduced from 6% of purchase price to 3% of purchase price

* As of 11/21/11 30 year fixed rate is at 3.75% (APR 4.628) is not an offer to extend credit. Rate subject to change without notice.

* FHA information

* FHA Loan Limits

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Peter Boyle 612.701.6816
20 Years Mortgage Lending Experience!
pboyle@summit-mortgage.com
NMLS  # 218261  

Summit Mortgage Corporation
Summit Home Mortgage Inc. is FHA approved but is not officially affiliated with HUD
*Please check with your lender for current pricing and personal mortgage analysis.
*The information in this Web site can change without notice. This is an Equal Housing Lender

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