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Updated almost 2 years ago on . Most recent reply

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Darryl Mens
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FHA/Conventional loan after a Commercial Loan

Darryl Mens
Posted

First BiggerPockets post!

I initially had a single family home(SFH) which was my primary residence that I recently sold. I used the funds for the home sale to purchase my first investment property(6 unit - commercial loan). I plan to use an FHA loan to purchase a 3-4 unit property hopefully by the end of the year, which will be my primary residence.

After that I plan to purchase another SFH using a conventional loan while renting out the 6 and 3-4 unit.

How much of a down payment will the conventional loan require using that loan sequence?

Could I instead use a conventional on the 3-4 unit and how would that affect the SFH down payment.

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