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Updated over 3 years ago,

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6
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2
Votes
James Woods
2
Votes |
6
Posts

My house dilemma seeking guidance if possible

James Woods
Posted

so I bought a house with fha about three years ago and lived in it for a year. I moved out of the property and rented it out and it is still rented out currently with positive cash flow( don’t want sell). The issue I am having is I am looking to get another primary residence, but most of the research I have ran into says I can’t get another fha and I’ll have to go conventional with at minimum 10 percent down or more. Can anyone shed some light on the issue? Even if I go conventional, is there a way to get away with 5 percent down or less? I have a decent credit score at 730 if that helps with evaluating the situation and live in the Chicago land area. Any information on the matter would be greatly appreciated 

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