Posted by DJ-nyc on August 06, 2008 at 13:04:37:
A friend of mine did this in Bklyn. You have to “live” in the property. 
Good luck.
DJ-nyc
4 Unit with Storefront FHA - Posted by Mitch H
Posted by Mitch H on August 06, 2008 at 09:19:48:
Hello board,
I am new to the game and am looking to get my feet wet and I have a question for you. I am looking at a four unit building that has three apartments and a storefront which is being used as a salon. I have the intentions of acquiring the building via an FHA loan. I should be able to do this correct? Thank your for your time.
Re: 4 Unit with Storefront FHA - Posted by Mitch H
Posted by Mitch H on August 06, 2008 at 10:51:21:
What about an FHA 203k it says it can be 1-4 unit mixed use? Has anyone worked with this type of loan? Thank you for your thoughts.
Re: 4 Unit with Storefront FHA - Posted by Jim (FL)
Posted by Jim (FL) on August 06, 2008 at 10:43:48:
Commercial will be the way to go here. Get a commitment of some sort before shelling out the big bucks on that appraisal.
Re: 4 Unit with Storefront FHA - Posted by christopher w
Posted by christopher w on August 06, 2008 at 10:40:17:
This property would be considered mixed use and would be ineligible for FHA financing. You will need a commercial loan for this property.