3% DP on SFH, Followed Shortly By 3.5% FHA?

[John C.]

Expanding on the title, the multifamily home market dried up in my desired zip codes recently. If I shift to buying a first-time homebuyer, 3% DP SFH (with the intention to owner occupy), then how long realistically would I have to wait to take advantage of a 3.5% DP FHA on a MF opportunity should one come across my desk?

[Andrew Postell]

@Adam Huynh ah, thanks for that.  So if you are using a Fannie/Freddie loan on your next purchase then it will 100% use the rental income from your vacating property (with a lease) and the potential income from the property you are purchasing.  The problem always with this route is their down payment requirement is more....and sometimes it's so high it's unobtainable.  So if you do need this type of money, and that down payment is too high, maybe target a single family home with an accessory unit?  If those are even in your area?