Buying new property and renting current property

[Troy Smith]

I know that generally 20% down is required when purchasing an investment property.  If I buy a new property as a primary residence and move into that new house, will I still have to pay a down payment for an investment property if I plan to rent out the house I currently have after I move into the new house?

[Nick Conley]

Quote from @Troy Smith:

I know that generally 20% down is required when purchasing an investment property.  If I buy a new property as a primary residence and move into that new house, will I still have to pay a down payment for an investment property if I plan to rent out the house I currently have after I move into the new house?

 Troy,

You should not have an issue buying a new property with 5% down conventional or 3.5% FHA (unless your current loan is FHA) on another primary residence as long as you lived in your current for 1+ years. You can rent out your departing primary residence and depending on which type of loan you do use the income to offset your debt for qualification.