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Updated almost 5 years ago on . Most recent reply

User Stats

24
Posts
5
Votes
Ryan Taylor
  • Atlanta, GA
5
Votes |
24
Posts

Different types of loans for low income

Ryan Taylor
  • Atlanta, GA
Posted

I know about the FHA loan but it requires one to live at the property for a year. That wouldn't be possible for me as I am married and a homeowner. I'll have enough for a down payment soon but I was wondering what are my options if I don't have much money currently. Sorry I am new to this world.

Thanks!

Most Popular Reply

User Stats

260
Posts
144
Votes
Victor So
  • Real Estate Agent
  • Chicago, IL
144
Votes |
260
Posts
Victor So
  • Real Estate Agent
  • Chicago, IL
Replied

@Ryan Taylor

Hey Ryan!

Where do you currently live? If possible, would it be an option for you to rent out your current place and move into another place with a FHA loan? If renting the entire house doesn't cash flow, would renting by the room be another option for more cash flow?

  • Victor So
  • Loading replies...