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Updated almost 2 years ago,

User Stats

55
Posts
77
Votes
Colby Zeller
77
Votes |
55
Posts

Loans and Loan requirement questions

Colby Zeller
Posted

Hey BP community, I plan on buying my first rental after I graduate school, and have some questions about the loan I want to receive. I plan on owner occupying a duplex or tri-plex, so I can qualify for a FHA loan therefore requiring less of a down payment. I know credit and years of income play a massive role when getting approved for a loan, but for the FHA specifically is there any other requirements I should be attending too before I go to get approved ? I plan on starting the whole process at the end of 2023 just for reference.

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