Don S
FHA and Conventional Loans
I have read that when doing certain loans the lender wants you to stay in the property for one year. I am assuming this is to deter investors from these loans as the down payment is usually lower that investment loans...
Raza Rizvi
Owner to conventional financing
Hello Community,I'm seeking guidance on refinancing a property with an owner-financed loan that's nearing its maturity. Despite the loan balance being relatively small at just over $100,000, the property's value has s...
Nivetha Vijayaraj
Loan jumbo vs conventional
Hi, Can anyone explain the difference between jumbo and conventional loan?What is the limit for jumbo loan?Is it good to go with jumbo or conventional loan?
Emilio Estrada
FHA vs Conventional Loan
Hello all,
I am looking to get into my first house hack within the next couple months. All my research has led me to believe an FHA loan would be the best option. Upon talking to a lender, they informed me that I cou...
Dave Garlick
Conventional or Commercial Loan
I am in the process of reviewing 2 duplexes owned by the same landlord for my first buy and hold deal. I originally went to a local bank to get preapproved and that came back fine for the dollar amount. When I asked i...
Cecilia Arnulphi
Rates on conventional loans?
Hello I am trying to get a sense of what a reasonable rate for a conventional 80%LTV loan would be (ballpark). I'm looking to buy out of state rental property. 20% down from my HELOC. I have excellent credit and I w...
Maurice Nix
Investment Conventional loan penalty?
Hi BP, I am in the process of bidding on a HUD home and applied for an investment conventional loan pre-approval. After receiving the pre-approval I was informed that I can't flip the property and I would have to hold...
Kenny Oliver
Flipping with conventional loan
Let's start with a hypothetical scenario
I purchase a house at 213k with 20% down
The loan was 170k 30 years fixed
The loan with interest is at 307k
After remodeling the house it's now worth 265k
If I decide to ...
Account Closed
Convert FHA to conventional
Hey All,I currently own a 2-unit Multi family and living in one unit. I purchased the house under FHA loan. I purchased it in 2013 for 185k and it was appraised right at 185k. I currently owe 171k in principal. I was ...
Kevin Pereira
Down payment!!! conventional/FHA
Looking to avoid PMI, and maybe saving some money every month with a 5% down payment on a conventional owner occupy loan. Has anyone actually saved with this strategy? Can I attack principal and build equity faster wi...