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Updated almost 9 years ago on . Most recent reply

User Stats

105
Posts
22
Votes
Crystal Wilson
  • Rental Property Investor
  • Denver, CO
22
Votes |
105
Posts

question? loans, Colorado investing

Crystal Wilson
  • Rental Property Investor
  • Denver, CO
Posted

hi I am approved of $100,000 in Colorado and it's super hard to find the house with the FHA Loans only a couple pop up every month. I'm looking in Colorado Springs right now. But everytime I put an offer on a house a conventional loan gets it over my FHA .Loans.this is my first house that I'm buying and I'd like to buy another one next year and so on.I'm wondering if I were to just get a conventional loan instead if my next loan would have to be a 20% down I was hoping to get the FHA loan 3.5% and the next year get a conventional loan for 3% I'm not too sure how that works but I like to have his low percentage down payment as possible for the first couple houses can somebody explain and help me out thank you so much.

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