What type of mortgage should I get?

[Charlotte Wilson]

I have a good down payment set aside ready for my first duplex investment property that I plan to rent out. I thought a FHA loan would be the best option but now I am second guessing my choice since interests rates might be higher. What loan would you think fits best in my situation? I have a great 800+ FICO and about 60K for a down payment.

[Jeremy Jareckyj]

i would do a 5% down loan. FHA loans are really only best in lower credit and lower down payment situation. if you have the ability to do 5-10% I would do it.

if you don't need money for repairs , you could do on the higher end 10%+ but if you do need money for repairs 5% could be good. 

some lenders will do recasts on loans and you cannot do recasts with FHA.