Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Two personal residence loans within 12 months?
Bought a home about six months ago using a FHA loan. Turns out I really don't like the neighborhood as much as I thought I would, and would like to find another place.
Is there anyway I can qualify for a second personal residence loan? I realize that you have to intend to stay in your FHA home for one year, which I did intend to do. However, it turns out that this house was not for me but given the short period of time that I've lived in it selling it isn't an option yet.
I’m open to a conventional loan, but just don’t want to trip over any guidelines. Thanks!