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Did you know Multi-family Properties (duplex, triplex, fourplex) can help you qualify for loan?

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There are dozens of multi-family (duplex, triplex, and fourplex) properties that are within FHA Guidelines in the Charlotte, NC area. With existing rental contracts, the income will be added to your own income to help you qualify for a loan! You must move into one of the units and occupy the property as your primary residence-- but it then qualifies as an owner-occupied loan!!!

And if you're a first time homebuyer, you can still qualify for the $8000 Federal Tax Credit! In addition, North Carolina even has it's own $8000 Down Payment Assistance Program for first time homebuyers!

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April 13 - Charlotte

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sunnyview

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You are so right. Multi family properties are a great way for some people to reduce their costs on buying a home. They can build equity faster and can give the owner more financial flexibility than a single family house in many cases. They can also open home ownership up to people that have a lower income since they can qualify for more based on the additional rental income. I hope folks look into it.

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