House Hacking
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Existing primary home and house hacking
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.