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Updated over 1 year ago,
NEED Honest Feedback from Realtors
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!