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Updated almost 8 years ago,

User Stats

154
Posts
54
Votes
Toben B.
  • Investor
  • Tulsa, OK
54
Votes |
154
Posts

FHA down payment if I have 6 conventional loans?

Toben B.
  • Investor
  • Tulsa, OK
Posted

Hello - I am getting conflicting information.

I have 6 conventional loans on my rental properties and primary residence. 

If I choose to turn my primary residence into a rental can I use FHA to purchase a new primary residence with only 3.5% down? Or do the number of loans I have force me to put 25% down?

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