Updated over 3 years ago on . Most recent reply
Using a HELOC and Using an FHA?
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.