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...
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
Tanner Pile
Getting Lenders for Multifamily
I've been talking to several lenders to do FHA loan for a triplex in Colorado Springs $530k. I currently house hack a 2/2 Condo and would rent it out. Lenders won't accept any profited rental income towards my income ...
Jordan Lepley
Whats the Right direction for me!
Hey BP, I just had a quick question about what path I should take! I have decent funds (50k cash and looking to invest) also have a good w2 job but I’m currently looking at doing real estate and making it full time bu...
Darryn Oliver
Refinance From Fha to conventional so I can rent
Im looking to refinance from my fha to conventional loan so that I am able turn my primary residence into first investment property. I have already fufilled the 12months as my primary residence as fha requires. Does c...
Aaron Wakeman
FHA financing on a second home? (owner-occupied)
Hi BP community, I've been listening to podcasts and reading voraciously. Thanks for providing such a great resource.I'm struggling to find a clear answer on this question even though I think the answer should be pret...
Robert Dunbar
5+ Unit Apartment Financing
Does one have to get a commercial loan for 5+ unit multifam properties? I saw a listing in my area for an 8 unit property. I chatted with the broker about the place and asked if it would take a commercial loan since i...
Brad Roche
Conventional vs. FHA for Househacking
House Hacking is a great way to become a homeowner and landlord at once! Not to mention- it is a lot cheaper way to buy an investment property rather than putting 20% Down. Which loan do you use…. Conventional or FHA?...
Ryan Wiebe
Are FHA loans considered conventional or nonconventional
Newbie here. I am interested in buying a duplex. The realtor said they are only accepting conventional loans. I want to use an FHA loan since this will be my first property. Are FHA loans considered conventional? Are ...
Michelle Chevalier
Confused about conventional versus DSCR
I am trying to purchase a second SFH investment property. I have one SFH rental that I purchased in 2021 using FHA (it was my primary residence at the time). I am trying to get a conventional loan this time around for...