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Updated almost 7 years ago,
Conventional Mortgage: FHA House Hack advice
Hi everyone,
I am soon to be a college graduate and will be moving to the Pittsburgh market in early June. My goal by the end of 2018 is to finance a duplex using an FHA loan and live in one unit while renting out the other. Obviously, being a recent college graduate, I won't have the cash available to buy outright, so I will need to finance using an FHA loan. Does anyone have expertise in this area of lending? Is it difficult for a new college graduate to get an FHA loan? Are there stricter requirements for FHA loans vs. others? When speaking with lenders, do they like to hear that I will be renting out the other unit or is it a non issue? Any help is appreciated!
Thanks,
Devin