Demo. This is a one page demo of what a larger site would look like.Get a site like thisSee all designs
(508) 555-0163
A young couple on the top porch of a sage green triple decker in Worcester
Top porch, Grafton Hill

Home loans for two, three and four family homes

Buy the Triple Decker. Live on One Floor.

We help Worcester buyers finance the house and rent out the other units. Before you make an offer, we show you what it takes in cash, line by line.

See My Cash to CloseCall (508) 555-0163

Third floor

How Much Cash Do I Need to Close?

The down payment is only part of it. Put in the house you are looking at and see the whole check you would bring, with a range for the parts nobody knows until the Loan Estimate. Nothing leaves this page.

$
Units in the building
$
$
$
$
Worcester tax bills run about $13 to $14 per $1,000 of value for homes. Check the listing for the real bill.

Estimated Cash to Close

Get a Real Loan EstimateFree, in writing, usually the same day.
A two or three family policy costs more than a single family. It covers the building and your liability to tenants. Your first year is usually paid at closing.
Money the seller agrees to put toward your closing costs. Every loan caps it, so the estimate trims any credit over the limit.
In Massachusetts you usually put down a small deposit with the offer and more at the Purchase and Sale. Both count toward your cash to close.

Second floor

Two, Three and Four Family Homes

This is most of what we do. You live in one unit and the rent from the others helps pay the loan. Tap a photo to see it bigger.

A hillside street of yellow, blue gray and white triple deckers in Worcester

Rent That Counts

Most loans count about 75 percent of the market rent from the other units, once the appraiser confirms it.

A new owner shaking hands with the longtime first floor tenant

Tenants in Place

Leases carry over. We read them before you sign.

A young family at dinner in a third floor kitchen with a sloped ceiling

Live Upstairs, Rent Downstairs

FHA from 3.5 percent down and some conventional loans from 5 percent, when you live in one unit. Most owners take the top floor for the light.

An inspector checking an old gas boiler in a fieldstone basement

The basement

What We Check Before You Offer

Old triple deckers hide their surprises downstairs. These are the things that move a closing date in Worcester.

  • Three of everythingSeparate boilers, water heaters and meters change what tenants pay. We note it for the rent count.
  • Smoke and CO certificateThe seller needs one from the fire department before closing. Late ones push dates.
  • Lead paint and kids under sixMost of these homes were built before 1978. The state lead law applies if a young child will live in a unit.
  • Porches and railingsAppraisers look hard at the stacked porches. Rot there can hold up an FHA loan until it is fixed.

Buyers on Grafton Hill

4.9★★★★★ 142 Google reviews

Her cash to close sheet was off by less than $600 from the real one. We knew exactly what to save.

Marisol R. Main South

First time buyer, three family, FHA. She found the porch problem before the appraiser did and we fixed it in time.

Kwame A. Shrewsbury

She told us which unit rents would count and which would not. No surprises in underwriting.

Dan and Lily T. Auburn

Sample reviews written for this demo. Your site shows your real Google reviews, word for word.

Front steps

Questions Buyers Ask Us

Short answers. The long ones happen on the phone or at our office.

Towns we lend in most

Worcester, Shrewsbury, Auburn, Leicester, Millbury, Holden, West Boylston and Grafton. We lend across Massachusetts.

Can I buy a three family with a small down payment?

Often, yes, if you will live in one of the units. FHA loans start at 3.5 percent down for two to four units. Some conventional loans start at 5 percent. Approval depends on your credit, income and the property.

Does the rent from the other units count as income?

Most loans count part of it, often about 75 percent of the market rent, once the appraiser confirms it. Current leases help. We show you how your lender will count it before you make an offer.

What are reserves and why do multi family loans need them?

Reserves are savings you still have after closing, counted in months of your full house payment. Many loans for two to four units ask for three to six months. It is not paid at closing, but it has to be in your account.

What does Massachusetts need at a sale that other states do not?

A smoke and carbon monoxide certificate from the local fire department, paid for by the seller. If a child under six will live in a unit, the Massachusetts lead law applies too. We flag both early so the closing date holds.

How long does it take to close?

Most purchase loans close in 30 to 45 days from a signed Purchase and Sale. Multi family homes can take a little longer because the appraisal includes a rent survey.

A Small Office on the Hill

Ruth started the office after twenty years of buying and renting out triple deckers herself. Her son Eli runs the numbers. You talk to one of them every time.

Open
Weekdays 8:30 to 5:30, Saturday mornings
Visit
100 Sample Street, Worcester
Email
hello@graftonhillloans.example
Call (508) 555-0163Run the Numbers First
Ruth walking buyers through a second floor unit

Ruth, broker

Sample broker for this demo. A live site shows your team with their NMLS IDs.