Which type of FHA loan can be used for single-family homes as well as up to 4 units?

The type of FHA loan that can be used for single-family homes as well as up to four units is the FHA program designed specifically for this purpose. This program allows borrowers to finance the purchase, refinance, or rehabilitation of residential properties that contain one to four units, making it versatile for various living situations, such as a single-family residence or a small multi-family property.

This kind of flexibility is essential for many potential homebuyers and investors who are looking to use FHA financing to either live in the property themselves or rent out additional units for income. It supports both owner-occupants and investors, catering to a wide array of housing needs.

The other loan options listed, such as the FHA 203(k) loan which is used for rehabilitation purposes, the FHA streamline which is designed for simpler refinancing, and the FHA multifamily typically targeted towards larger multi-family buildings (often exceeding four units), do not fit the criteria of being usable for single-family homes and up to four units in the same way.