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Account Closed has started 2 posts and replied 3 times.

If I wanted to owner-occupy a 5-10 unit apartment building, would I be able to do 5% down conventional financing or must I do the 20% down simply because anything 5+ units is commercial?

0 Votes

Yeah I submitted rental applications but didn't get in anywhere. I guess it's because my credit is bad and I'm so behind on missed payments. Just trying to get it all together, catch up on payments, build my credit and get a home through FHA. The plan is to live in one of the units, and rent out the others. I never want to be in this financial situation again.

0 Votes

Best option FHA? I'm just trying to build up my credit so I can qualify for it. I'm in an abusive and toxic home situation so I'm trying to get a home fast. I'm not sure if I will qualify for FHA. What other options are there out there for people with bad credit and low income that are feasible options that I'm not aware of?

0 Votes