NEED Honest Feedback from Realtors

[Michele Granata]

Actively looking for my first 2-unit househacking multifamily. I have gotten conflicting feedback from both lenders and realtor regarding FHA loans vs. low-down Conventional. I've been told that FHA makes your offer weak and that sellers are less likely to want your offer if its FHA loan based. That sometimes even their Realtors advise them against it.

Then I hear from other other people with years of experience that it's a bunch of BS. That FHA keeps more money in my pocket, works best for long term continuous buying, and that it does not effect the offer being chosen.

PLEASE share with me your direct experience with this. The biggest hump to get over is getting the first property, and I want to have an attractive offer in any way that I can help. 

I have been pre approved for both types. 
Thank you!

[Max Ferguson]

I am currently dealing with a lot of points in your post! FHA was "weaker" so to speak for a while when the market was at it's hottest. It has a more stringent appraisal which would cause the sellers to often go with a conventional if all other points are the same. Now that the market has slowed FHA's are becoming far more frequent. In Colorado we are able to check separate boxes on our offer for loans, my current buyers are in the same situation as you are. I checked FHA or Conventional on the loans section so the seller has to accept either when signing the contract.

List agents understand you are going to go with the loan that is best suited for you and keeps the most in your pocket. Unless the property needs a huge Renovation, you should be all good to go with FHA. Good luck and let us know what you end up doing!