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Updated almost 3 years ago,

Jillyan MacMorris's profile image
Jillyan MacMorris's profile image
Jillyan MacMorris
Pro Member
  • Rental Property Investor
  • from Chicago Suburbs, IL
  • Member since Feb 28, 2021
  • Posts 54
  • Votes 38
  • Experience 4 Yrs
  • Investments 1
Connect

User Stats

54
Posts
38
Votes
Jillyan MacMorris's profile image
Jillyan MacMorris's profile image
Jillyan MacMorris
Pro Member
  • Rental Property Investor
  • from Chicago Suburbs, IL
  • Member since Feb 28, 2021
  • Posts 54
  • Votes 38
  • Experience 4 Yrs
  • Investments 1
Connect
Jillyan MacMorris
Pro Member
  • Rental Property Investor
  • Chicago Suburbs, IL
38
Votes |
54
Posts
Private Lending & Conventional Mortgage Advice

FHA Loan for My Second Property? I Didn't Use One on My First

Jillyan MacMorris
Pro Member
  • Rental Property Investor
  • Chicago Suburbs, IL
Posted

Ignorant question... When I purchased my first property as a primary residence (where I currently live), I didn't have the mindset to invest and used a 5% down conventional, owner-occupied loan. I'm looking toward my next property, and I'm wondering: can I use an FHA loan if I will live in the property, so I can put down a lower % down payment? Or did I miss my chance?

  • Jillyan MacMorris
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