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Understanding FHA 2 - 4 Unit Guidelines: A Comprehensive Guide

Updated: Feb 4

Understanding FHA 2 - 4 Unit Guidelines: Everything You Need To Know

Navigating the real estate market can be a daunting task, especially when you're considering multi-unit properties. Wouldn't it be great if there was a viable solution that could help you become a homeowner and potentially generate FHA rental income at the same time? Meet FHA 2 - 4 unit mortgages - an appealing option for individuals or families aiming to make their move into property ownership.


In this post, we'll uncover everything you need to know about FHA 2 - 4 Unit Guidelines, from eligibility criteria to application procedure. We will also discuss how working with Bennett Capital Partners can ease your journey in acquiring such properties in Florida.


Ready to deepen your knowledge on this type of loan? Let's dive right into it!



Key Takeaways


Streamlined Home-Buying: FHA loans offer a streamlined path to homeownership for 2 - 4 unit properties, with options for low down payments and flexible credit requirements.


Comprehensive Eligibility Support: Bennett Capital Partners provides expert guidance through the entire FHA loan process, including assistance with credit score, job history, and debt requirements.


Mixed-Use Property Potential: Utilize FHA loans to purchase mixed-use properties, ensuring at least 51% of the space is residential, and up to 49% can be used for business purposes.


Rental Income Evaluation: For properties with 3 or 4 units, it's essential that your rental income covers all property costs, including the mortgage, to pass the FHA's self-sufficiency test.


Property Safety Standards: Ensure your property meets FHA's safety standards, focusing on essential elements like heating systems and clean water during inspections..



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Overview of FHA Multi-Unit Mortgages

Overview of FHA Multi-Unit Mortgages

Federal Housing Administration (FHA) Multi-Unit Mortgages are an affordable financing option for homebuyers seeking to invest in 2 - 4 unit properties. These government-insured loans offer a multitude of benefits including lower down payments, allowing borrowers the financial reprise to become potent landlords while residing on-premises.


FHA multi-unit mortgages uphold stringent eligibility guidelines that must be adhered to ensure loan approval. Bennett Capital Partners, centered exclusively in Florida, offers this program and helps navigate the complexities involved with purchasing duplexes, triplexes or fourplexes using FHA loans.


Definition and purpose of FHA multi-unit mortgages.


FHA multi-unit mortgages are loans for buying homes with two to four units. These loans get help from the Federal Housing Administration (FHA). This means if you can't pay your loan, FHA will step in.


Your main home has to be one of the units you buy with this type of loan. It's a good way to become a homeowner and also a landlord at the same time! You live in one unit and rent out others.


The rent helps you pay back your loan. This is why people like these types of loans so much! Bennett Capital Partners can guide you through this process smoothly with their deep knowledge about FHA multi-unit mortgages.


Benefits of owning a 2 - 4 unit property under FHA guidelines


FHA loans offer an accessible pathway to acquiring an FHA investment property, allowing you to purchase a 2 - 4 unit property with minimal down payment. By residing in one of the units and renting out the others, you can generate additional income each month. This FHA rental income not only assists in covering your mortgage payments but can also yield a profit.


Moreover, the government backing of FHA loans simplifies the borrowing process compared to many other loan types. Carefully planned, such properties can provide a steady source of income over the years, all while you gain valuable experience as a landlord in close proximity to your tenants.


Also, an FHA loan is backed by the government. This makes it easier to get than many other loans. If you plan well, this kind of property can bring steady income for years. You also learn how to be a good landlord while living close to your tenants.


Benefits of Using FHA Loans for Rental Property Investments


An FHA loan for rental property stands out as a particularly advantageous option for aspiring landlords. By choosing an FHA loan, landlords can benefit from lower down payment requirements and more lenient credit criteria compared to conventional loans. This makes the initial investment in a rental property more accessible.


Additionally, the ability to use the rental income from other units in the property to qualify for the loan further enhances its appeal. The FHA's backing of these loans also means that landlords have access to favorable loan terms, which can be instrumental in ensuring the financial viability and success of their rental investments.


In essence, an FHA loan can serve as a stepping stone for individuals looking to enter the realm of property rental, providing a solid foundation to grow their real estate portfolio.


Mary and John's Journey to Property Investment "Partnering with Bennett Capital Partners transformed our journey into property investment. Initially apprehensive about the complexities of real estate, their team adeptly navigated us through the process of securing an FHA 2-4 unit loan. This experience was enlightening, especially realizing we could reside in one unit and rent out the others. We're now delighted owners of a triplex and eagerly anticipate further investment opportunities."


FHA Loan Limits FHA 2 -4 Unit Properties

FHA Loan Limits FHA 2 -4 Unit Properties

FHA Loan Program Changes for 2024


In 2024, significant changes are coming to the multifamily FHA loan requirements, impacting prospective and current homeowners in Florida. These modifications include a rise in the FHA loan multifamily limit and a reduction in mortgage insurance premiums, aiming to improve affordability and accessibility in the housing market.


Increased FHA Loan Limits


The FHA loan limits increase of 5.6% from their 2023 level of $472,030, reaching up to $498,257.


This increase is intended to extend the borrowing capacity for Florida homebuyers, potentially making homeownership more attainable for a wider range of individuals.


These enhancements are part of an effort to adapt to the changing needs of the housing market and support more people in achieving their home buying dreams.


FHA General Loan Limits For 2024


For 2024, the baseline FHA home loan limits are established as follows:


These figures generally reflect the trends in many Florida counties. However, certain variances can be noted, primarily influenced by local housing market prices and broader economic factors.



FHA Loan Limits in Florida 2023


FHA mortgage lending limits in Florida are determined based on both property type and the specific county's housing costs. These limits show considerable variation across different counties. Here is an illustrative guide to some of the FHA Florida loan limits across various counties in Florida:


This summary is not comprehensive. For detailed FHA loan limits in your specific Florida county or for any property you are considering, you can refer to the FHA mortgage limits page on the U.S. Department of Housing and Urban Development’s website. The site allows you to search for loan limits by county, state, and county code, tailoring the search to your specific needs.



FHA LTV Matrix - Navigating Loan-to-Value Ratios And Borrowing Limits

FHA LTV Matrix - Navigating Loan-to-Value Ratios And Borrowing Limits

An important aspect of understanding FHA loans is familiarizing yourself with the loan-to-value (LTV) ratios. The FHA LTV matrix is a crucial tool that outlines the maximum loan amounts relative to the property's value. It's essential for borrowers to comprehend this matrix, as it determines how much they can borrow against the value of the property they are interested in.


FHA LTV Matrix (For Example Purposes Only)

FHA LTV Matrix

For instance, if a property is valued at $300,000, the FHA LTV matrix will dictate the maximum loan amount that can be secured based on FHA guidelines. This becomes particularly important when considering properties with higher values or when evaluating how much down payment is required.


Detailed Breakdown of FHA Loan Types and Requirements



Understanding the FHA LTV matrix helps borrowers better prepare for their home purchase, ensuring they meet the necessary criteria for their desired property under FHA guidelines. It also aids in planning the purchase's financial aspect, particularly in budgeting for the down payment and understanding the equity position they will have in their new property.



Eligible Property Types Under FHA 2 - 4 Unit Guidelines

Eligible Property Types Under FHA 2 - 4 Unit Guidelines

When exploring the FHA multifamily loan guidelines, it’s crucial to understand the eligible property types that fall under these rules; primarily, they include duplexes, triplexes and fourplexes.


Adhering to these guidelines with a specific focus on balancing residential and commercial use in mixed-use properties helps potential borrowers take advantage of investment opportunities while maintaining compliance with FHA regulations.


Types of properties allowed (duplex, triplex, fourplex)​​.


FHA loans cover a few property types. These include duplexes, triplexes, and fourplexes. You must live in one unit to get a duplex FHA loan or a 3 - 4 unit loan. The other units can be rented out.


A duplex has two units in one building. A triplex is a single building with three separate living spaces. Lastly, a fourplex is a single structure that houses four different living areas.


Each structure fits under the guidelines for FHA loans handled by Bennett Capital Partners.


Residential and commercial use balance in mixed-use properties


Mixed-use properties have homes and shops in the same place. FHA rules say you can buy these with FHA loans. But, there is a limit on how much space the shops can occupy. Not more than 49% of the total area can be for business use.


The other 51% or more must be for living in. This rule ensures that mixed-use places aren't all stores with no room to live.


Also, each unit should have its own way of getting in and out without going through a store area first. This keeps home and work separate, which is important for safety and privacy.


So, if you want an FHA loan for a mixed-use property, look at how it's set up before buying it! Then talk to your lender about getting approved.


Here at Bennett Capital Partners we know all about this balance between home and shop areas. We've helped others get their FHA loans already - we can help you too!



FHA Loan Requirements for 2 - 4 Multi-Unit Properties

FHA Loan Requirements for 2 - 4 Multi-Unit Properties

Investing in a multi-unit property is a significant financial decision, and the Federal Housing Administration (FHA) has specific requirements to ensure borrower suitability. These prerequisites include minimal credit scores, solid job history documentation, comprehensive financial statements, and appropriate debt-to-income ratios.


One crucial mandate differentiating FHA loans from other types of mortgages is that one unit must serve as your primary residence. This stipulation emphasizes the importance of understanding these guidelines comprehensively before applying for an FHA loan with Bennett Capital Partners - committed to helping you navigate through this complex process with ease and efficiency.


Minimum credit score and job history requirements​​​​.


You need a certain credit score to get an FHA loan for 2-4 units. The lowest score you can have is 500. But, if your score is between 500 and 579, you have to pay a bigger down payment of 10%.


If your score is 580 or above, the down payment can be as low as 3.5%. Job history also matters for these loans. You must show at least two years of steady work history with the same employer or in the same field.


This rule helps lenders see that you can keep up with payments on time.


Financial statements and debt-to-income ratio​​​​.


You need a good credit score to get an FHA loan. Your job history matters too. The lender will want to see your financial papers. These are things like pay slips and bank statements.


They show how much you earn and spend each month.


The debt-to-income ratio is important too. This is the amount of your income that goes towards paying debts each month. It should be less than 43% but many lenders may allow up to 56.99%.


If it's more, you might not get the loan.


Always pay all bills on time and keep your debt low for a better chance at getting an FHA loan!


Understanding FHA Co-Borrower Guidelines


FHA loans provide unique opportunities for borrowers to collaborate with co-borrowers in securing a mortgage. The FHA co-borrower guidelines are designed to offer flexibility, allowing family members or others who will occupy the home to join as co-borrowers.


This can significantly increase the borrowing power and improve the chances of loan approval, especially for first-time homebuyers or those with limited credit history. Co-borrowers under FHA guidelines are expected to reside in the property and share responsibility for the loan, thereby providing a collaborative approach to home ownership. Understanding these guidelines is crucial for anyone considering an FHA loan with a co-borrower arrangement.


FHA Non-Occupant Co-Borrower Guidelines


When exploring FHA Non-Occupant Co-Borrower Guidelines, it's important to understand the unique opportunities and requirements they present. The FHA non occupant co borrower guidelines allow individuals who will not reside in the property to co-sign a mortgage, providing essential financial support to the primary borrower.


This aspect of FHA lending is particularly beneficial for borrowers who need assistance from family members or friends who cannot commit to living in the home.


Simultaneously, the non occupant co borrower fha guidelines stipulate that these co-borrowers must still take on joint responsibility for the loan, despite not living in the property. Their creditworthiness and income are considered in the loan application, potentially strengthening the borrower's ability to qualify.


Understanding these guidelines is crucial for borrowers considering an FHA loan and looking to include a non-occupant co-borrower in their application.


Importance of the primary residence for FHA loans​


A distinctive requirement for FHA loans is the mandate for the borrower to occupy one of the units as their primary residence. This FHA owner occupancy requirements rule is designed to ensure that FHA loans are used by homebuyers, not investors. Upon closing on the FHA loan, the unit you reside in becomes your primary dwelling. This requirement underscores the intent of FHA loans to promote homeownership, making them a less suitable option for purely investment-driven purchases.


In the context of multi-unit properties, this means you can live in one unit while potentially renting out the others. However, the FHA's owner occupancy requirements stipulate that you must reside in the property for a majority of the year, ensuring that the property serves as your genuine primary residence.


This emphasis on owner occupancy aligns with the FHA's goal of fostering community stability and homeownership. By residing in the property, you contribute to the well-being of the neighborhood while benefiting from the opportunity to generate rental income from the additional units.


Adherence to this owner occupancy rule is essential for maintaining the integrity of the FHA loan program and is strictly enforced. Violations can lead to serious consequences, including the calling in of the loan. Bennett Capital Partners can provide guidance on how to navigate these requirements effectively, ensuring you remain compliant while maximizing the benefits of your FHA-financed property.


Carlos' Path to Becoming a Landlord "I had my doubts about qualifying for an FHA loan due to my unique financial situation. The professionals at Bennett Capital Partners went above and beyond to find solutions that worked for me. Thanks to their expertise and support, I'm now a landlord of a duplex, and it's been a fantastic experience."


Down Payment and Reserve Requirements for FHA 2-4 Unit Properties

Down Payment and Reserve Requirements for FHA 2-4 Unit Properties

Grasping the FHA's down payment and reserve requirements for 2-4 unit properties is crucial. These guidelines include specifications on your needed initial investment, ranging from a minimum of 3.5% for borrowers with exceptional credit scores to larger percentages for those less qualified.


Additionally, understanding FHA reserve requirements vary based on your property's number of units can ensure you're financially prepared for any unexpected costs or vacancies.


With Bennett Capital Partners, we help navigate these regulations seamlessly, enabling you to maximize your return on investment and proceed confidently in your real estate journey.


Down payment requirements for 2-4 unit properties​​.


You will need some money to buy a 2-4 unit home with an FHA loan. This is called a down payment. For most people, the down payment is 3.5% of the home's cost. If your credit score is less than 580, you might have to pay more.


The good thing about FHA loans is that they let you use gift money for this down payment!


Reserve requirements and how they vary with the number of units


For 2-4 unit properties, FHA has rules for reserve funds. This is money you keep aside after closing the loan. These funds can cover sudden costs like repairs or lost rental income.


The number of units sets how much must be in reserve. A duplex needs three months of reserves. A triplex or fourplex needs six months of reserves.



Using FHA Rental Income for Qualification

Using FHA Rental Income for Qualification

Under FHA 2 - 4 unit guidelines, FHA rental income can serve as a significant qualifier for obtaining your loan. This section explores how potential or existing rental income from the additional units of the property can be leveraged to enhance your eligibility.


It also delves into the critical aspect of FHA’s Self-Sufficiency Test applicable in scenarios involving 3- 4 unit properties and its significance in influencing one's qualification process.


In this context, landlords’ responsibilities concerning occupancy requirements will also be discussed, offering a comprehensive perspective on using rental income as part of your loan portfolio with Bennett Capital Partners.


FHA Rental Income as a Qualifier


Making money from rent is a big help. The FHA lets you use this income to get a loan. This can make owning a 2-4 unit property easier. To do this, you need to show the lender proof of the money earned from rent.


Sometimes, it's not enough for your place to just earn rent. If your property has 3 or 4 units, an FHA test will check if the rents cover all costs. This is called the self-sufficiency test and makes sure you don't lose money.


FHA Self-Sufficiency Test for 3-4 Unit Properties


The FHA Self Sufficiency Test is key for 3-4 unit properties. This test makes sure that the FHA rental income covers all loan costs. The rent from each of the units should pay for the mortgage, insurance and taxes.


If you pass this test, it shows that your property can pay its own bills. Bennett Capital Partners can guide you to make sure your property passes this test.



Appraisal and Safety Regulations for FHA 2-4 Unit Loans

Appraisal and Safety Regulations for FHA 2-4 Unit Loans

Delve into the critical role of appraisals in determining eligibility for FHA loans and understand the specific safety standards your multi-unit property must meet to comply with FHA regulations.


The dual purpose of appraisals in FHA loans​​.


Appraisals in FHA loans have a dual purpose. First, they find out the worth of a property. This is key to know how much money can be loaned for it. Second, they check if the place is safe and sound.


All houses under an FHA loan must meet safety rules. So, appraisals also make sure that these homes pass all safety checks set by HUD guidelines. Appraisers look at things like roofs or heating systems to ensure they work well and pose no threat to those who live there.


FHA safety regulations and property standard


FHA loans need the homes to be safe. The FHA rules say a home must meet certain safety rules before they give out loans. They look for things like good heating and clean water supply.


A house bought with an FHA loan should have no health risks.


When an appraiser comes, he checks these things. He notes them in a report called the 'appraisal'. If there are problems that the appraiser finds, they must get fixed before getting an FHA loan.


Bennett Capital Partners helps make sure homes meet these rules.



How to Apply for an FHA 2 - 4 Unit Loans Through Bennett Capital Partners

How to Apply for an FHA 2 - 4 Unit Loans Through Bennett Capital Partners

Explore the easy step-by-step process of applying for FHA 2 - 4 unit loans with Bennett Capital Partners, a decision that offers you numerous benefits such as expert mortgage guidance, transparent processes and personalized service.


Feel free to contact us today to gain more insight on our services, schedule a consultation or start your application journey towards owning your multi-unit property.


Step-by-step process


First, pick the type of property you want. It can be a duplex, triplex or fourplex. Next, check your credit score. You need a good score to get FHA loans. Gather your work history and financial papers as well.


Then find out how much down payment you need for the 2-4 unit property.


Now it's time to apply for an FHA loan with Bennett Capital Partners! Fill out the form they give you. Let them know about any income from rent in this form too. Their team will help look over all your information.


Finally, wait for an appraisal of the property and have safety checks done on it based on FHA rules. With all parts done right, you'll get approved for the loan soon! Now comes move-in day!


Benefits of working with a mortgage brokerage


Working with a mortgage brokerage has many good points. They can get you the best rates and terms for your FHA loan. A broker will study your needs and pick lenders that suit you well.


They manage all talks with lenders, making it less work for you. Work gets done faster as they deal directly with FHA approved lenders. Mortgage brokers can also help when your credit score is not very high or if your case is tricky in some way.


You save time and money, making this a smart choice for home buyers who want to buy a 2-4 unit property using an FHA loan.



Start Your FHA Loan Journey in Florida with Bennett Capital Partners

Start Your FHA Loan Journey in Florida with Bennett Capital Partners

Your Dream Property in the Sunshine State Awaits


Are you looking to tap into the opportunities of FHA 2 - 4 unit loans in Florida? Bennett Capital Partners specializes in guiding Floridians through every step of this process. Our deep understanding of FHA guidelines, combined with a strong commitment to personalized service, makes us your ideal partner for navigating the real estate market in Florida.


Take the First Step Today


➡️ Schedule a Consultation: Ready to explore your property investment options in Florida? Arrange a personalized consultation with our knowledgeable team. We’re prepared to discuss your goals and how we can assist in realizing them.


➡️ Easy Online Application: If Florida is your destination for property investment, initiate your application now. Our streamlined online process is designed for ease and security, setting you on the path to owning a multi-unit property.


➡️ Expert Advice and Support: Have questions specific to Florida's market? Our experienced mortgage professionals are here to offer insights and guide you through the complexities of FHA loans in the state.


For Our Out-of-State Readers


If you're not in Florida but interested in FHA 2 - 4 unit loans, we recommend consulting with a local mortgage broker in your state. They will have the specific knowledge and expertise suited to your region's real estate and lending landscape.


Contact Bennett Capital Partners Now


📞 Call us at 1-800-457-9057 for Florida FHA loan inquiries

🌐 Visit our website Bennett Capital Partners

📧 Email us at info@bcpmortgage.com for more information


Your journey to property ownership and investment in Florida starts with Bennett Capital Partners. Let us help you unlock the door to your future in the Sunshine State!



Conclusion

Conclusion

Beginning your journey with FHA 2-4 unit loans can be easy. Bennett Capital Partners helps you all the way. We will guide you to get a good deal on your next home in Florida. Contact us today!


Emma's Experience with Streamlined Process: "As a first-time homebuyer and investor, the idea of buying a fourplex was intimidating. Bennett Capital Partners made the process incredibly smooth and straightforward. Their personalized service and in-depth knowledge of FHA guidelines were invaluable. I am grateful for their help in making my investment dreams a reality."


Commonly Asked Questions

Commonly Asked Questions

What are FHA 2 - 4 Unit Guidelines?


FHA 2 - 4 Unit Guidelines refer to the specific rules and regulations set by the Federal Housing Administration for financing multi-family properties with 2 to 4 units.


What is the loan limit for 2 to 4 unit properties under FHA guidelines?


The loan limit for 2 to 4 unit properties under FHA guidelines varies by location and is determined based on the area's median home price. Borrowers can check with their lender for the specific loan limits in their area.


Can an investor purchase 4 unit properties using FHA financing?


Yes, investors can utilize FHA 4 unit financing to purchase four-unit properties. The key condition is that the investor must occupy one of the units as their primary residence. This owner-occupancy requirement is a fundamental part of the FHA guidelines for multi-unit properties. Additionally, for an FHA 4 unit loan, the down payment is typically 3.5% if the investor has a credit score of 580 or higher, making it an accessible option for many looking to invest in larger residential properties.



What is the self-sufficiency test for multifamily homes under FHA guidelines?


The self-sufficiency test assesses whether FHA rental income from the other units in a multifamily property is sufficient to cover the property's expenses, including the mortgage payment. This test is important for FHA borrowers looking to purchase multi-unit properties.


How do FHA guidelines differ for 4 unit properties compared to single-family homes?


FHA guidelines for 4 unit properties may have additional requirements, such as the self-sufficiency test, to ensure the property can generate enough FHA rental income to support the mortgage. Single-family homes typically do not have these rental income considerations under FHA guidelines.


What are the loan options available for purchasing a multifamily property with 3 to 4 units under FHA?


Borrowers looking to purchase multifamily properties with 3 to 4 units can explore FHA's loan programs, which offer low down payment options and flexible qualification requirements compared to conventional loans for multi-unit properties.


What are the details of an FHA duplex loan, including its down payment requirements?


An FHA duplex loan is tailored for buying two-unit properties and is a favorable choice for those planning to occupy one unit and rent the other. The FHA duplex down payment is notably low, typically 3.5% if your credit score is 580 or more, making it an accessible option for various homebuyers.


What are the standards for FHA appraisals for multifamily properties?


FHA appraisals for multifamily properties with 4 units or less must assess the fair market value of the property and verify that it meets the FHA's minimum property standards. Appraisers must also assess the property's FHA rental income potential as part of the appraisal process.


Can FHA financing be used to purchase investment properties with 3 to 4 units?


FHA financing is typically intended for owner-occupied properties, so borrowers looking to purchase investment properties with 3 to 4 units may need to explore conventional loan options instead of FHA financing.


What role does the loan officer play in the FHA loan process for multifamily properties?


The loan officer assists borrowers in understanding the FHA guidelines for multifamily properties, helps them determine their eligibility, and guides them through the loan application and approval process, including the specific requirements for 3 to 4 unit properties.


What are the key considerations for borrowers looking to qualify for FHA financing for 2 to 4 unit properties?


Borrowers seeking FHA financing for 2 to 4 unit properties should be aware of the specific occupancy requirements, income considerations from rental units, and the property's ability to meet FHA's minimum property standards and loan program guidelines.


What are the FHA triplex guidelines for purchasing a property?


The FHA triplex guidelines stipulate that if you're buying a triplex with an FHA loan, you must occupy one of the units as your primary residence. The down payment requirement is typically 3.5% if your credit score is 580 or higher. The guidelines also include passing the FHA's Self-Sufficiency Test, ensuring that the rental income from the other two units is sufficient to cover the mortgage and other expenses. These guidelines are designed to make triplex ownership accessible while ensuring that borrowers are financially prepared for the responsibilities of owning a multi-unit property.



FAQs

What is an FHA multifamily loan?


An FHA multifamily loan is a home loan from the Department of Housing and Urban Development for buying multi-unit properties.


Can I buy a home with an FHA loan up to 4 units?


Yes, you can use an FHA loan to buy a home with up to 4 units. But remember, one of the units must be your main living place.


How does rental income work with an FHA multi-unit property?


For an FHA multi-unit property, the proposed rental income may be used in your monthly income if you rent out the remaining units.


Are there special rules for getting mortgage insurance on 2-4 unit houses?


FHA lenders demand borrowers have mortgage insurance if they're using this type of loan for 2 to 4 unit homes, ensuring loans are subject to set limits.


Does every investment or landlord meet credit requirements for these types of loans?


No! Not every investor or landlord will qualify for an FHA loan as it needs certain credit requirements & follows strict standards for appraisals.


Is there any help available if I can't make my full monthly mortgage payment on time?


Many times there might be payment assistance options available through your lender or other sources that could aid when struggling with monthly payments.




 

Philip Bennett

Philip Bennett


Philip is the owner and Licensed Mortgage Broker at Bennett Capital Partners, Bus. NMLS# 2046828. He earned his degree in Accounting and Finance from Binghamton University and holds a Master's Degree in Finance from NOVA Southeastern University. With more than 20 years of experience, Philip has been a leader in the mortgage industry. He has personally originated over $2 billion in residential and commercial mortgages.


Learn more about Philip Bennett's background and experience on our Founder's page. Whether you're a first-time homebuyer or a seasoned real estate investor, our team is here to help you achieve your real estate goals. Don't wait any longer, contact us today and let us help you find the right mortgage for your needs.


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