Multi-family residential loans (4 units or less)

A multi-family residential loan (4 units or less) allows you to buy a property with two to four units and live in one of them.
The requirement is that each unit in a multi-family building must have their own address, separate entrance, kitchen, bathroom, bedroom, and utility hookups.
All of the conveniences that come with a single-family home should be available in each unit.
Rental income covers most or all of your mortgage and housing expenses.
These results would be harder to achieve with a single-family home.
Your financing largely depends on whether or not you live in one of the units. You must have at least 20% saved up for a down payment if you are purchasing the property strictly as an investment. On the other hand, you can put down less money if the property will be owner-occupied. A down payment of at least 5% is required for homes with one to two units, while a down payment of 10% is required for houses with three to four units.

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