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Updated almost 7 years ago,

User Stats

19
Posts
3
Votes
Anh Le
  • San Jose, CA
3
Votes |
19
Posts

Mortgage on second home

Anh Le
  • San Jose, CA
Posted

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. 

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