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Updated over 4 years ago,

User Stats

18
Posts
11
Votes
Austin Spitzenberger
  • Rental Property Investor
  • Houston, TX
11
Votes |
18
Posts

FHA 3.5% or Conventional 5%

Austin Spitzenberger
  • Rental Property Investor
  • Houston, TX
Posted

Good morning BP friends. I am currently looking to use an owner occupied loan to purchase a small multifamily (two-four plex). I have qualified for both 3.5% FHA and 5% conventional. I am aware of the benefits of each and understand how the loans differ. Here is my question.

When choosing between FHA and conventional lending, which one is easier to get lending on the second time around? I have read conflicting posts about which order you can do them in and if the order in which you do them is possible or not based on loan requirements. Which owner occupied loan should I use first and why?

Any help would be appreciated! Thanks

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