Mary Jay
How soon can I qualify for an FHA after refinancing current FHA?
Hi guys,My primary residence now is in FHA, and I was thinking of selling it or refinancing it.How soon can I qualify for another FHA after refi/sinning current FHA?If I want to get a primary residence rate on an new...
Raymond J. Rodrigues
5% Down Conventional on 2-4 Unit Primary
There’s a new exciting update that comes after the weekend of November 18th!
Conventional guidelines will change to allow 5% down payment, for primary residences, on 2-4 unit properties, instead of requiring 15-25% d...
Zachary Kotiadis
*Using an FHA loan, can I move during the first year?*
Upon my research of the FHA loan and the house hacking strategy, I know one of the perquisites for getting approved and not committing fraud is to live in the residence for at least a year. However, I have found trail...
Tyler Codd
House Hacking Discussion
Hello All,I am looking to buy a primary residence in the coming months, and I love the idea of house hacking. One general question that I have relates to the amount of time you must call the property "your primary res...
Emmanuel Sesay
Closed on Condo as Primary Residence But Moved Out Of State
Hello,
I Recently closed on a condo in Chicago but also moved to out of state to Indiana for college. I want to rent out the condo but I secured financing as primary residence and First Time Home Buyer. I want to re...
William Morgan
I'm making an offer, take a look
I will be making an offer in two days on a property. I ran the comps, drove the comps, inspected the house and have a good feel for it's value. She has two other properties she also wants to sell me that I'm hoping g...
Quentin West
New Commercial Investment Sales Agent in Washington, DC
Hello Everyone,I've been using this site as a resource for a few months and am happy to officially join the community. I am a commercial real estate agent based in the Washington, DC area specializing in investment sa...
John Abbott
First time home buyer loan requirements. Are they strict?
I’m buying my first property(2-4 unit) and trying to use a first time home buyer loan. I’d like to use this to put a smaller down payment down than the conventional 20% but the requirement of living in the house for a...
Reilly Brown
How long do I have to live on the property to qualify for residential financing?
Lets say Bob lives out of state, but he sees a great opportunity in Las Vegas, and wants to take advantage of the benefits of FHA loans. Keeping everything 100% legal, how can he minimize his time in Las Vegas while ...
Diana Frasier
Options for second primary res loan within 12 months?
Hi BP Friends,I am hoping to find some guidance for my current issue below:- I did a cash out refinance that closed in August of 2021 on my primary residence. I intend to turn it into a long term rental- I would like ...