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Updated over 5 years ago on . Most recent reply

User Stats

77
Posts
10
Votes
Byron W.
  • Chicago, IL
10
Votes |
77
Posts

What are my loan options after using the FHA loan?

Byron W.
  • Chicago, IL
Posted

Last year I purchased my first 3 unit property using the FHA loan. Now, I'm looking towards next year and saving up for my next property. Is my only option using a 20% downpayment for a conventional loan? Or are there other options that I would potentially qualify for? I wouldn't be opposed to having to move into the place again if it means I can get a lower downpayment. Any help is appreciated, thanks!

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