In the United States in 2024, mortgage rates are generally tied to the overall bond market, as most residential mortgages, including conventional qualifying mortgages for owner-occupants, residential investment mortgages (DSCR loans), and even other alternative residential mortgages (non-QM), are securitized.

Hi, we are currently in the market to refinance out of VA loan to gain entitlement back...Can we refinance into FHA, Conventional, or Physician Loan (we qualify)?

Flood insurance has gone up considerably and is making it hard for buyers to use FHA or some conventional loans. 

Hey Scott, working as a property manager in multifamily with tax credit and conventional units, we have many cases where people have other sources of income, whether alimony, social security, etc.

You will use conventional or FHA, but it's VERY hard to win in Northern NJ with an FHA loan on a multi just because most sellers interpret FHA as not having the money instead of an investment vehicle so that needs to be explained.You aren't going to learn much in an online underwriting course as most of those are for commercial properties and no one online can teach you how to underwrite a small multi in Northern NJ because the vacancy, cap ex, taxes, are all different.

A trust may offer some of the same benefits as an LLC, depending on your goals, and allowing you to claim the part of the house you live in as homesteaded tax.Make sure you have the right home insurance and consider an umbrella policy for extra protection.Certainly buying a house, using conventional financing with limited money down as a primary residence and renting out parts of the house to help pay the mortgage, is a smart financial move.

For many newer investors once they're familiar with commercial requirements for 5+ multi family unit mortgages tend to refocus on more conventional residential transactions (1-4 units) with much lower borrower barriers to entry.

Keep in mind that if you buy a rental property in your name using a conventional mortgage it will directly affect your debt to income (DTI).

I am now open to other ways of financing , like fha or conventional and was looking into down payment assistance programs as that’s the only hurdle this time around . 

Hi all,My husband and I easily qualify for a conventional loan.