Update** I've ran into a lot of bumps in the road dealing with my amateur lender and agent. I've found a great Single family residence that has a mother-in-law suite with a tenant in it covering the over half the mortgage. They have been there 5 years so that nice!! My pre-approval is for FHA $250k 3.75 Rate and 4.820% APR. I'm just trying to find a down payment assistance program that will work for me. Initially I was scared this property wouldn't work for the DPA because it's listed as a multifamily property.
However some funny things came up when I visited the property. The current owner advised there is only one meter and he controls the thermostats. I went home and checked the county records and found the house is actually taxed/zoned as a single family residence. I was pissed that my agent didn't catch this along with a lot of other things. However this issue may work out in my interest.
I do have a question, does anyone know what dictates a single family dwelling? Is the fact that the house is zoned/taxed as a single family mean all agency's have to look at it as a single family. I'm afraid during the inspection they will say it's multi-family, anyone have experience with this?
Starting Score: 615