Credit Card Center Advertiser Disclosure

New Contributor
Posts: 60
Registered: ‎01-20-2012
0 Kudos

2 properties on 1 lot

I found a house for sale that is actually 2 houses on the same lot. Both properties are included in the sale and the smaller one is currently rented.

Is this something permissable to FHA?

Regular Contributor
Posts: 233
Registered: ‎08-05-2010
0 Kudos

Re: 2 properties on 1 lot

lucky for you--hard to find those properties in my area!  I'm not an expert at all, but I think if the 2d property is subordinate (smaller) and you can say you are owner occupying and using the 2d property as a mother in law unit, FHA would do okay.  You should get an answer from more knowledgeable folks though.  However you might also want to examine the title carefully for problems and also zoning problems.

Established Contributor
Posts: 737
Registered: ‎08-25-2008
0 Kudos

Re: 2 properties on 1 lot

It may depend on if there are actually 2 deeds or are both properties on 1 deed?  I had a small hiccup in my mortgage process because of a similar situation - but there are 2 deeds to my property.. I paid cash for the rental and own it outright and the mortgage on the main house.. The underwriter didn't really like it, but finally got it passed without too much of a delay.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.