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Updated over 4 years ago on . Most recent reply

Non-conforming FHA loan or others?
Has anyone utilized a non-conforming FHA loan? I'm a first time buyer having trouble financing the type of property I'm looking for (two separate dwellings on acreage). I can't/don't want to swing 20-25% down for a non-conforming conventional. Is there a way to get a property like this financed for less than 5% down?
Most Popular Reply

Yes. Live in one of the units for 12 months. With the lender assuming it's your primary, good credit, and stable income you should be able to get a low DP.