FHA financing- 6 unit

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I have a customer who wants to purchase 6 unit investment property in Atlanta, Ga. Is there an FHA loan that only requires 15% down payment that we can apply for? All 6 units are fully occupied. Building is approx. 6 years old. Purchase price $330,000. Fico score 770.

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Sorry as far as I know FHA and residential loans in general are 1-4 units only. You will need a commercial loan. I don’t have anyone at this time that can help in GA. I would call some local lenders/banks in Atlanta and see what they offer. Perhaps a smaller local bank would be able to assist. Good luck and thanks for stopping by.

Brent Mendelson
Senior Loan Officer
Monarch Mortgage
600 Jefferson Plaza, Suite 400
Rockville, MD 20852
240-403-1970 Direct
301-412-0259 Cell
http://www.monarchmtg.com/bmendelson
nmlsr#111407

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