SOURCE: Coshow Real Estate Group

July 13, 2010 17:12 ET

Getting the Most House for Your Money: According to Coshow Real Estate Group, FHA Loans Cover More Than Condos and Houses

SAN DIEGO, CA--(Marketwire - July 13, 2010) - There is a lot of competition for condos and single family houses under the Federal Housing Administration Loan program. Frequently buyers with less income are outbid by others with more cash for condos and houses. 

The demand is less for duplexes, triplexes and fourplexes because most people are unaware that their 3.5% down payment can also be applied toward small income properties. In San Diego county, the maximum FHA loan limit is $1,341,350 for a fourplex, making FHA a great way to buy an owner occupied income property.

A common misconception is multiple units always equal a commercial property, but for up to four units, it is not the case. The property must be able to carry itself based upon its rental income, or projected rental market income.

"I like to let my clients know what all of their possibilities are," says Mar Robbart, a Realtor at Coshow Real Estate Group in San Diego, who specializes in income properties, small and large. "Simply put, you can buy more house for your money with a small income property." Her office is in Hillcrest, she has been a Realtor since 2002 and can be reached at 619.944.4627.

Coshow Real Estate Group specializes in residential and commercial real estate sales, residential loans and property management and property searches. It is located in the popular San Diego, CA neighborhood of Hillcrest.

Contact Information

  • Contact:
    Mar Robbart
    Coshow Real Estate Group