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Updated almost 7 years ago,
Mortgage on second home
Hello all,
I bought my condo in May 2017 using the conventional loan as a primary residence; however, my family and I moved out after one month due to the long commute to work and turned it into a rental property. We are thinking to purchase another property. Wil we qualify for 10% down payment on the second home? We made 20% downpayment on our first home, and these two properties are in California. Thanks in advance for your responses.