Buying Strategy · FAQ
Last updated: August 2026
Quick Answer
A HELOC is generally lower-cost, but it must be opened before your current home is listed for sale — most lenders won't approve one once a home is on the market. A bridge loan can be arranged later in the process, including after listing, but typically costs more.
Related Questions
In many cases, yes — owner-occupant financing, including FHA loans, generally applies to properties with up to four units when you live in one of them, often with a lower down payment requirement than investment-property financing would carry. Confirm current program specifics with a lender experienced in multi-unit purchases.
Read answerNo, but you should go in prepared. Understanding Seattle's landlord-tenant rules, budgeting conservatively for vacancy and maintenance, and having a plan for tenant communication will matter more than prior experience.
Read answerNot automatically everywhere, and not without following the specific zoning and permitting requirements that apply to your lot and jurisdiction. It does mean significantly more properties are eligible for this kind of multi-unit use than before 2023 — but each property's specific status should be confirmed before you rely on it.
Read answerYes — through a bridge loan, a HELOC opened before listing, or a rent-back agreement after selling first. Each has different cost, timing, and qualification requirements, and the right fit depends on your equity and income profile.
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