Just what are FHA’s standards getting a blended-have fun with assets?

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Home buyers may use an enthusiastic FHA mortgage to purchase a mixed-explore, multi-product property which have a deposit regarding simply step 3.5% of one’s property’s purchase price.

FHA’s low down percentage option and versatile program recommendations ensure it is possible for homebuyers, even earliest-timers. You can very own this building your area and functions otherwise make money out of domestic and you will commercial clients.

What is a blended-use property?

A regular mixed-have fun with assets inside Chi town try a multiple-story building inside the a densely populated society. Basically, the commercial area is actually a ground-flooring store, office, or bistro. Meanwhile, the newest domestic devices is actually apartments towards top floors .

• Assets types of: FHA makes it possible for 2-to-4-tool features that have commercial place, considering no less than 51% of the entire building rectangular footage is for domestic play with.