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Updated about 4 years ago,

User Stats

27
Posts
11
Votes
Dylan Osmon
  • Rental Property Investor
  • Mountain Home AR
11
Votes |
27
Posts

Bankers on FHA loans

Dylan Osmon
  • Rental Property Investor
  • Mountain Home AR
Posted

Are some lenders "better" or more versed in using a FHA Loan. I already own a property through a conventional loan and I am ready to buy my next. I want to use the all to powerful method of using a low money down FHA loan for my 3-4 unit I am looking for.

I called my lender I have worked with before to inquire about my eligibility of such a loan. He swore up and down that you can't use a 3.5 down FHA for more than 1 unit. Am I crazy or has it not been mentioned in the last 5 books I've read.

I am guessing that some bankers deal with FHA guidelines much much more. Is this correct? If so, time to talk to a new banker, at least for this loan... What's a good tactic for finding a well versed lender in this field??

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