Buying second property, is 5% conventional the best route to go?

[Jaston Robinson]

Hello,

Back in October I closed on my first investment property. A 3 family which I bought with a FHA loan. I'm now gearing up to purchase my second property & I would love to buy it with other low down payment loan. I'd like to get some advice on where I can get a 5% conventional loans for a two or three family. I'd love to use another FHA however, I know I can't purchase with another FHA until I refi out of my current one. Any advice helps. Thanks in advance.

[Zack Karp]

@Matthew Dembski not anymore. Freddie Mac announced in December that the Home Possible max LTV for 2-4 units is now 85 LTV (15% down), effective 4/1/21. All loans using 5% down must close by 3/31.

I have helped HUNDREDS of investors house hack a 2-4 unit with 5% down Conventional using this program.  Trust me, I am super bummed that Freddie nerfed this.