Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 on . Most recent reply

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...