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Updated over 1 year ago,

Account Closed
  • Investor
  • Carson City, NV
7
Votes |
20
Posts

Existing primary home and house hacking

Account Closed
  • Investor
  • Carson City, NV
Posted

Hi everyone,

My wife and I live outside of Reno and we have a primary home with a conventional loan at 2.5% interest. Two months ago we lost our youngest daughter and have hit a point we need to escape our hometown for a while. Search for purpose in life I guess. Either way we have money to invest but with the current state of the market and lending, we are holding back. However there is a sense of urgency to leave. We would like to house hack somewhere for a year but then return to our home here in Nevada. Finally the question. Can I still get approved for an FHA primary home loan with an existing conventional loan of my primary? If I just rent the our current home out and move, can I deem it as a secondary home? Any assistance would be helpful to a couple of broken people. Thanks folks.

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