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Updated almost 4 years ago,
Coop to SFH, Implications Conventional vs Investment Loan
I’m purchasing a short sale as my primary home, but that can take an indefinite amount of time to close. In the meantime, I’m purchasing a coop, but don’t know if it should be purchased with a conventional loan or investment loan. I will live in it until I’m able to close on the house, but the length of time is unknown. I will rent once I vacate. Is there any reason I should use an investment loan for the purchase of the coop instead of conventional loan? Thank you for your feedback!