Stacy Weng
Conventional Loan and Hard Money Together?
I'm not sure if this is even possible, but has anyone ever tried to use a conventional loan and hard money together for a deal? If I'm considering a property to do a flip, can I do a conventional loan with 20% down, a...
Jonathan Feliciano
What does "occupy as your primary residence" mean?
Hello BP Community,Recently, I've been getting mortgage quotes from different banks/lenders, and I've noticed a repeating question. They all ask me if I intend to use the property as a primary residence. Or in other w...
Marc M.
Looking for a lending advice for primary residence/house hack
Hey BP,I'm in a little bit of a pickle and could use some advice. I have been searching for months for a primary residence for myself, which has turned out to be a challenge due to the competitive market I'm in (Wash...
Manav Wadhwa
Mortgage for second home and any tax implications
Hello,I currently own a home that I live in and is my primary residence. I have found a (rental) property that I plan to buy in another city.My question is can I get mortgage on that property as my primary residence (...
Alejandra Tapia
Refinancing an FHA 203k Loan
If I use an FHA 203k loan to purchase a home, I’m aware that I would have to occupy the home for a year prior to renting it out (generally speaking). However, I’ve read that a 203k loan can be refinanced after 6 month...
Dustin Wells
First rental purchase as primary?
Hey guys and gals, I am looking at buying a property and started talking with lenders. One guy talked to me about considering it a Primary instead of investment for a less costly loan. He was saying they would do that...
Edlira Clevenger
Can you rent a house purchased with VA loan?
Hi. I'm new to BP forum. I have some questions if someone can help. We have our primary residence purchased with Va loan. We are thinking to buy our first investment property and trying to figure out the best option ...
Tyler D.
Two questions about the VA loan
I have a VA loan, looking to house hack, and have a couple of questions.1) Is there an occupancy requirement for the VA loan? I plan to buy a fourplex and live in one unit. If I leave, do I then need to convert it to ...
Cory O'Dell
Pre-Approved to use FHA as Non-Owner Occupied!
I’m not sure if this has been posted here before, but wanted to briefly share this information we found out regarding FHA. As a military member we have exceptions to the normal occupancy rule. Check it out:
“FHA loan...
Patrick M.
Home purchased as primary residence but never lived in
We purchased a home last year that we were planning to rehab completely and then move into. The rehab happened, but the move in did not because my wife was transferred to another city. We've been in a rental throughou...