Buying your first home in the USA feels impossible when prices are high and income is limited. I’ve worked with first-time buyers across multiple states, and here’s the truth: you don’t need to be rich. You need the right strategy, smart financing, and a system that lets the house pay for itself.
Many foreigners living in the US spend $2,000+ on rent every month. Instead of giving that money to a landlord, you can use that same amount to pay your own mortgage via House Hacking.
What Is House Hacking? (The Secret to Free Living)
House Hacking strategy USA means you buy a multifamily property (like a duplex), live in one unit, and rent out the others. The rental income helps pay your mortgage, utilities, and even maintenance.
[Image Placeholder: House hacking financial flow chart]How to Buy a House in USA with Low Income
In 2026, lenders allow you to use projected rental income from the property to help you qualify for the loan. This means your personal income doesn't have to be massive to get approved for a multi-unit property, as long as the math makes sense for the bank.
FHA Loans for First-Time Homebuyers
FHA loans are the most popular choice because they require only a 3.5% down payment. You can find the official and most up-to-date guidelines on the U.S. Department of Housing and Urban Development (HUD) website.
[Image Placeholder: FHA loan vs Conventional loan comparison]Conventional vs FHA Loans
| Feature | FHA Loan | Conventional Loan |
|---|---|---|
| Down Payment | 3.5% | 5% – 20% |
| Min. Credit Score | 580+ | 620+ |
| Purpose | Primary Residence | Investment or Primary |
Best US Banks for Home Loans (2026)
- Chase Bank: Excellent first-time buyer grants and FHA support.
- Wells Fargo: Great for multifamily property underwriting.
- Rocket Mortgage: Fastest digital pre-approval process for quick offers.
Frequently Asked Questions
Is house hacking legal in all US states?
Generally, yes. However, you must check local city zoning laws to ensure the property is legally classified as a multi-unit dwelling.
Can I really use rental income to qualify?
Yes, most FHA lenders allow you to use up to 75% of the projected rental income from the other units to help you meet income requirements for the mortgage.
