Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago,

User Stats

18
Posts
4
Votes
Anthony Patrizi
  • Portage, IN
4
Votes |
18
Posts

Switch current fha to conventional?

Anthony Patrizi
  • Portage, IN
Posted

Hi BP,

I recently met with the mortgage broker I used to finance my duplex with an FHA loan and asked if I qualified for another FHA because I just got married and also have a step daughter now. He said he thought they would still give me a hard time and suggested I just switch my current fha to a conventional then buy the next one fha and there should be less issues.

Does anyone have an opinion on this? I've never dealt with a conventional loan before. I read up on the requirements and I believe I have them all meet so that's not really the issue. I owe 92k appraised for 127, have great credit? I just don't know what the cons are. I also dealt like I met the requirements for another FHA having added two dependents and planning on another baby this year.

Thanks in advance, Tony

Loading replies...