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Updated about 6 years ago,

User Stats

6
Posts
0
Votes
TRUSTEN BROWN
  • Property Manager
  • Tacoma, WA
0
Votes |
6
Posts

Financing option for 3rd duplex?

TRUSTEN BROWN
  • Property Manager
  • Tacoma, WA
Posted

Hello everyone, 

My name is Trusten Brown, 27yr old currently living in Pierce County Wa.

A brief explanation of my current situation, I currently own Two duplexes in the Pierce county area both of which I have house hacked. I bought the first one with my VA loan,lived in it for a year during which a significant amount of remodeling was done. Then used the remainder of my entitlement and did the same thing.

Well it's been a little over 2yrs now and remodeling is done on both completely,my question is this.

I am wanting to purchase my 3rd duplex and do the same process however my va entitlements for 0% down are used. I have excellent credit 760+ and cash reserves but I am wanting to avoid a large down payment, could I use an FHA loan to fund the 3rd property since I plan on living in one of the units?

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