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Updated almost 5 years ago,
USDA Loan to FHA Loan
Hi Guys,
Newbie here in Real Estate. I have a question...
I purchased my first primary home 2 years ago with an USDA Loan, since I am now jumping into Real Estate, I am wanting to house-hack a multi property using an FHA loan, and at the same time rent what is now my primary home. Therefore having 2 or more units in this transaction. Do you guys know how to transition from USDA to FHA loan? Is it just like going from one one home to the other obtaining an FHA loan with a low down payment or is there more to it?
Any answers would help. Thank you very much in advance.