Loan for primary residence

[Horacio Gutierrez]

Hello,

If I lived in my primary

residence after 2 years and then I decide to rent that home and buy another home as my primary residence can my down payment on conventional loan still be like 3.5% or will be 20%?

[Andrew Postell]

@Horacio Gutierrez just to reinforce above you can certainly buy another primary home. Conventional minimum downpayment is 5% usually and FHA is 3.5%. Hope that helps in some way.