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Updated over 3 years ago,

User Stats

114
Posts
26
Votes
Montez B.
  • Rental Property Investor
  • Flint, MI
26
Votes |
114
Posts

FHA loan to conventional (repeat)

Montez B.
  • Rental Property Investor
  • Flint, MI
Posted

So I was taking to a loan officer and he told me that I can only use the FHA loan 1 time and for me to use repeatedly I have to switch my fha loan into an conventional loan, so I was wondering what would be the pros and cons of me doing this ? Like once I switch it to conventional after staying in it for a year would I have to stay in the same house another year once i which it over before doing another fha? My goal is to house hack 10 times using the fha method, even though that PmI going to add up through the years cant j still right that Pmi off as a tax right off ?

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