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Updated almost 5 years ago on . Most recent reply

Should I convert my mortgage from usda to conventional?
We are wanting to use our house into a rental property. But I was wondering if it would be beneficial to try and switch from a usda loan to a conventional loan?
Most Popular Reply

- Lender
- Fort Worth, TX
- 6,318
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@Aaron Fletcher yeah, I would like more information as well. It might make sense to stay where you are depending on what your value is, how much you owe on the mortgage, what your assets would be when trying to buy your next property, etc. So really, you need to talk with a loan officer to really get down to it. We answer more "general" questions in a forum like this but you need specific advice based on your personal scenario. You can certainly post whatever you want to here but some of the things we may need might be private. So if you do need a loan officer, try posting in the state forum that you are located in and ask for good lenders. There should be some good locals that monitor those state forums and they can point you in the right direction if you want to go that way. Thanks!