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 ...
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 ...
Daren H.
Buying "Subject To" with FHA or Conventional Existing Mortgage. What is the difference?
Wouldn't they both have the same pros and cons? I have been reading posts and some appear to strongly caution subject to with an FHA insured loan. I am considering the idea with a seller for 8 month period. I would do...