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Updated over 8 years ago on . Most recent reply

Pandu Chimata's profile image
Pandu Chimata's profile image
Pandu Chimata
  • Real Estate Professional
  • from Glendora, CA
  • Member since Feb 11, 2016
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Pandu Chimata's profile image
Pandu Chimata's profile image
Pandu Chimata
  • Real Estate Professional
  • from Glendora, CA
  • Member since Feb 11, 2016
Connect
Pandu Chimata
  • Real Estate Professional
  • Glendora, CA
17
Votes |
203
Posts
Private Lending & Conventional Mortgage Advice

2nd home loan by FHA

Pandu Chimata
  • Real Estate Professional
  • Glendora, CA
Posted

I own a house and its currently on conventional load and it's on my sole. My wife is not part of the loan.

I am planning to buy a 2nd and vacation home (80 miles away) from the primary residence.

I would like to use the low down payment to purchase this property. Can I or my wife get a FHA loan for the 2nd home ?

If yes, what are the other options to put in low down payment but still gets the best interest rate ?

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