How do I finance a two-family?

Financing a two-family typically runs through the same mortgage process as a single-family home if you plan to live in one unit, including FHA and conventional owner-occupant loans, with rental income from the second unit sometimes counted toward qualifying income. Buying a two-family as a pure investment instead usually means a larger down payment, since lenders treat non-owner-occupied purchases as higher risk. A lender also needs proof the second unit is legally permitted. Joel Boss can connect you with lenders who work with two-family purchases regularly.