Trouble financing a second house hack

[Eric Nelson]

I am currently house hacking a 4bd 2.5ba house which is going great. I purchased it with a 3% down conventional loan in March of 2019. I am about to hit my 1 year owner occupancy and want to purchase another property and repeat the process. 

My lender basically told me I need to have a reasonable incentive to qualify for another low money down loan on a primary residence such as up-sizing, moving closer to work, etc. Otherwise it could be considered "taking advantage" of the 3% down loan I received.

Will all lenders be hesitant to qualify me for a low money down loan on a primary residence, or am I just dealing with a conservative lender?

[Theresa Harris]

@Eric Nelson  The low money down is meant to get people into homes, not a leg up on buying rentals.  So yes, some lenders are going to question why you need to move after only one year.  Look for a bigger place to buy or something closer to your work and then you can honestly tell them you needed more space or a shorter commute.