Israa A.
Can you get an FHA loan if you already have a conventional loan?
Hey Everyone,
I’m hoping to get my real estate investing started this year by buying two buy-and-hold properties, one FHA househack and one conventional but I’m coming across some complications.
I took a year and ha...
Raymir Cuevas
Seeking Advice: Starting Real Estate Investment in NY with FHA or Conventional Loan
Hello BiggerPockets community!
My spouse and I are excited to begin our journey in real estate investment in New York. We currently own a co-op in Queens, which we purchased a year ago for $260,000. We made a 20% dow...
Timothy Christian Jr
Are there any conventional loans available that require a down payment of 6%?
I am encountering difficulty in finding a suitable mortgage for my rental investing career. Every bank I speak to insists on a minimum 20% down payment if I do not plan to reside in the property. You may wonder why I ...
Lillie MAnon
Can I get 2 primary mortgages at once/FHA & 5% down conventional
I am interested in buying two properties at once. I live far north and the winters are brutal and so I would like to be able to purchase a second home down south with a conventional 5% down and a duplex using FHA in t...
Tyler Hodgson
Big news from Fannie Mae for 2-4 unit properties for Conventional Loans!
House-hackers and agents rejoice!
Starting Nov 18th buyers can purchase a 2-4 unit primary home with just 5% down on a Conventional loan (Fannie Mae)
For context: 2 units used to require 15% down (some excepti...
Marcus Auerbach
Milwaukee REI-CON 2023 - Wisconsin's largest REI trade show and convention - Oct 27th
It is crazy how much work goes into planning an event of this size! The Wisconsin REI-CON is back in full format (after Covid) just outside of Milwaukee on October 27th. We expect 500+ investors and 50+ local exhibito...
Justin Brown
Fannie Mae/ Conventional loans to allow 2-4 units with 5% down 👀
So as of November Fannie Mae is going to allow 5% down on 2-4 unit properties 🙌💯 https://singlefamily.fanniemae.com/media/36841/display?fbclid=IwAR0MoXuGvj6f--gLUcQP2BR61hcK-upNQZidPmVrOxyZoL49qSLvM-yZ244
Ryan Muska
MID to HIGH 5s for R/T Refis for Conventional Mortgages ARE HERE
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 ...
Sam Doyle
Rental property in schedule E counting against me w/ conventional loan, any options?
Hi all,
Have a weird situation where I recently purchased a rental property 1 year ago and am looking for a new loan on a new property. I have great credit and W2 income to purchase a property before even adding my r...
Haley Jang
Questions on Conventional loan vs FHA loan for 5% down for rental investment
Hello BP, I am currently working and living in Seattle, while my boyfriend is moving to Chicago for his school. I have been exploring the idea of House Hacking through Multi-Family Homes in Seattle, but it seems that ...