Using a HELOC and Using an FHA?

[Eric Piccione]

We're looking to move on to our second rental property that we've been in for over 2.5 years with an FHA.

The goal is to use a HELOC to pay the down payment + any small renovations.

We don't want to refinance since we got the home at such a good rate so the tricky part for us is getting the next home for the lowest down payment possible.

Can you get an FHA or sub 5% down loan since it's your primary residence through a HELOC?

Looking forward to hearing some options for using our equity in this scenario.