Ryan Sun
Maximize the use of the 10 conventional loans for a married couple
We've learned that each individual can secure up to 10 conventional loans with favorable interest rates. To maximize this opportunity, it is recommended to utilize the full allocation of 10 loans per person. As we pro...
Ryan Muska
R/T Refis are in the MID TO HIGH 5s for CONVENTIONAL
You read it correctly. Rate and Term refinances are in the mid to high 5s for Conventional loans. If you have a rate of 6% or higher it may be time to reach out to your mortgage professional and see if you qualify or ...
Jonathan Rivera
Can I still use a FHA if I used a conventional prior?
So I was wondering if I can still use a FHA(first time home buyer)…Here’s my situation, My wife purchased a home before we got married & everything is under her name. She used a conventional loan for the purchase....
Henry Lazerow
New conventional loan options for 5% down house hacking 2-4 units!
My lender emailed this out this morning. Seems like a great option for Chicago as the FHA self sufficiency rule all but eliminates Chicago priced 3/4 unit purchases. This loan will work same as Conventional terms mean...
Stephen Rinaldi
5% down 2-4 Unit Owner Occupied Conventional Loan~ House Hacker Special
We have been blessed to serve a a ton of Bigger Pockets clients and the biggest challenge we have with house hackers is the FHA Self Sustainability test.. 75% of the overall rent has to cover the PITI.. with rates whe...
Nate Julian
How to know If I'm close to refinancing FHA into a conventional
Hey everybody!SO I've owned my 4-plex for a little over a year. I've been patiently waiting, and sifting through direct mailers waiting for lenders to start offering to pay closing costs on a refinance with FHA loans....
Scott Ellis
How to split loans on 2-property deal, one FHA one Conventional
I'm looking at a deal that is two duplexes on adjoining lots. Asking price is $315K for both.My lender says this would need to be two separate loans as they're separate parcels.I'm looking at doing one FHA and one co...
Matt Pich-Maxon
70% LTV on Property #1 to qualify for conventional on Property #2
We bought our primary residence 10/06/2017. We found a Duplex that we would like to buy and make into our new primary residence using a conventional loan. I emailed a lender and she said I would need 70% LTV on our pr...
Priscilla Z.
Found a way to wholesale to retail conventional buyer...we just closed!
I want to begin by saying that I do not recommend just ANYONE doing this, and my story is based in Florida and what we are able to do here....with that said, here's how our deal went down.I was contacted by a seller w...
Colin Alsheimer
Buying under FHA 203k, ultimately flip to conventional... how does this work?
Hey there - looking into my first investment - a MF property in the Boston area. We're planning on getting this with 3.5% down under an FHA 203k loan, and putting 50k-100k into repair and upgrade costs. We know that t...