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Updated over 3 years ago on . Most recent reply

Ben Morand's profile image
Ben Morand's profile image
Ben Morand
  • Property Manager
  • from Central Florida
  • Member since Apr 16, 2020

User Stats

236
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128
Votes
Ben Morand's profile image
Ben Morand's profile image
Ben Morand
  • Property Manager
  • from Central Florida
  • Member since Apr 16, 2020
Ben Morand
  • Property Manager
  • Central Florida
128
Votes |
236
Posts
Creative Real Estate Financing

Question About Homeowner's Loans

Ben Morand
  • Property Manager
  • Central Florida
Posted

Hey guys! Random question about homeowner's loans that just crossed my mind. So I've seen conventional loans for first-time home buyers with DP's as low as 3%. If someone were to get one of these loans, would they be able to utilize an FHA loan a year later on another property since the first loan was not backed by the FHA? Or would they be ineligible since they are no longer a first-time home buyer. And vice versa. Thanks!

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