First Home · Florida
House Hack (2–4 Units) in Florida
Buy a duplex, triplex, or fourplex in Florida — live in one unit, rent the others, and let the tenants pay your mortgage.
Common challenges we solve
- Need low down payment for a multi-unit
- Want to count future rent toward qualifying
- Limited inventory in target neighborhood
What you get with Lumos
FHA low down payment options on 2–4 units (owner-occupied)
75% of projected rent counted as income
VA multi-unit options for eligible veterans
What's different in Florida
Because you live in one unit, a Florida house hack can qualify for the homestead exemption on your owner-occupied portion, while the rented units are assessed without it. Florida has no state income tax; at closing, Florida charges documentary stamp tax on the note and deed and a one-time intangible tax on new mortgages, which we include in your estimate.
Loan programs that typically fit
Frequently asked
- Can I count rental income I'm projecting?
- Yes — 75% of market rent on FHA, often more on conventional.
- How long do I have to live there?
- 12 months minimum for owner-occupied programs.
