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Updated over 7 years ago on . Most recent reply

User Stats

50
Posts
7
Votes
Kelvin J.
  • Investor
  • Santa Rosa Beach, FL
7
Votes |
50
Posts

Conventional 3%down lender that is OK with a rental property?

Kelvin J.
  • Investor
  • Santa Rosa Beach, FL
Posted

Hi all

I have a rental Property (on an investment loan with 20% down) that cash flows and has increased my income and buying power for my next property. I'm now looking at purchasing a primary residence to house hack for a year and have found one 20% below market value completely rehabbed for $186K. I am struggling to get a 3% down loan due to my rental though. 5% down is all I can find. Any thoughts or suggestions?

Thanks!

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