Live In One. Rent The Rest.
Buy a two to four unit property, occupy one of the units, and let the others help carry the payment.*
One purchase, more than one door.
The same government programs that finance a single family home will finance a fourplex you live in.
- Two, three and four unit properties are eligible
- You have to occupy one of the units
- Rental income from the other units can help you qualify*
- Reserves required when that rental income is used*
- FHA and VA both allow one to four units
- First-time and repeat buyers welcome
Financing for two, three and four unit properties*
You have to occupy one of the units
FHA and VA both allow one to four unit properties
Rental income from the other units can help you qualify*
Reserves are required when that rental income is used*
Buy, refinance, or take cash out on eligible programs
What is the Saxton Multi-Unit Home Loan?
Owner occupied financing on a two to four unit property
The Saxton Multi-Unit Home Loan is ordinary owner occupied financing applied to a building with more than one door. You live in one unit and rent the others, and because you live there it is still treated as a primary residence rather than an investment.
Two things separate this from an investment loan: you occupy one of the units, and the building has no more than four. Cross either line and it becomes a different loan with different pricing and different rules.
That distinction is the whole point. An investment property is priced and underwritten as an investment. A two to four unit you occupy is not, which is why the same FHA and VA programs that finance a single family house will finance this.*
Why choose the Saxton Multi-Unit Home Loan?
Built for buyers who would rather have tenants help with the mortgage than pay it alone.
First Property, Four Doors
A first home and a rental at the same time, bought with owner occupied financing rather than investor financing.
The Rent Helps You Qualify
Income from the units you are not living in can be counted toward qualifying, which changes what you can afford.*
Government Programs Apply
FHA and VA both list one to four unit properties as eligible, so the usual benefits of those programs come with it.
Reserves Are Required
When rental income from the property is used to qualify, VA asks for six months of reserves. Plan for it early.*
You Have To Live There
This is owner occupied financing. Buying all four units to rent out is a different loan entirely.
Room To Grow
Many investors start here, in the unit they live in, before buying anything they do not.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about buying a two to four unit property you will live in.
Yes. This is owner occupied financing, which means one of the units has to be your principal residence. Buying two to four units purely to rent is investment property financing instead.
Income from the units you will not occupy can be counted toward qualifying you, which often means you can buy more building than your own income alone would support.*
When rental income from the subject property is used to qualify on a VA loan, six months of reserves are required. If rental income from a different property is used, three months are required.*
No, and the difference matters. Because you live in one of the units, the property is treated as a primary residence, which is why government programs apply at all.*
Both FHA and VA list one to four unit properties as eligible, and conventional financing allows them as well. Which one fits depends on your service history, your credit and your down payment.
Yes. Plenty of people do exactly that. You live in one unit, the tenants in the others help with the payment, and you have owned rental property from the first day.
Occupancy is judged when the loan is made. If your life changes later, talk to a licensed loan officer before you do anything, because the answer depends on the program and the timing.
Find out what you qualify for
If you are looking at a duplex, triplex or fourplex you would live in, there is likely a Saxton Multi-Unit Home Loan that fits. Get a fast, no obligation pre-qualification today.
Get Pre-Qualified- Consumer Financial Protection Bureau, buying a house: tools and resources for homebuyers
- Consumer Financial Protection Bureau, mortgages
*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Owner occupied financing on a two to four unit property is governed by the rules of the program used, including occupancy, reserve and rental income requirements. Requirements vary by occupancy, credit profile and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.