Josie Kelley
HELOC/LOC and Conventional Loan???
Hello all! I'm hoping to gain a bit of insight into my current situation. I plan on using a conventional loan to house hack later this year but I need funds to make my current home rental ready. I was thinking about a...
Andrew Simms
Conventional or Commercial - Lending Question
Hi BP Community! I am getting started and had a few questions regarding financing. My initial plan was to BRRRR a SFH using a HELOC on my primary residence (roughly $100k in accessible funds). My plan was to fund the ...
Chandler Smith
FHA loan refinance to conventional
I read an article awhile back about refinancing an FHA loan to a conventional loan. If I remember correctly in order to refinance you must have 20% equity in the house.
So my question is: If I bought a house on an FH...
Donald Bastien
VA Loan vs. Conventional Loan
Hello, I am getting out of the military & moving to Miami Florida next summer. Should I use the VA loan with a 30 year fixed rate mortgage & 0% down and house hack or should I remain patient, continue saving a...
Garrett Ayers
Utilize FHA or Conventional Loan
Should I utilize an FHA loan on my first home purchase or use a conventional loan? I would be purchasing with the intent to rent it out after a year of living as the contract will require. Is an FHA a good investment ...
Jason Maguire
Conventional Loan Help- Primary Residence
Hi BP Team,I've been looking to move out of my current house (SFH) and am looking to buy a 4 unit that I intend to live in for the next few years. My plan was to utilize a primary residence conventional loan & put...
Carlos Rodrigues
10% conventional loan in NJ
Good evening BP, I have a few questions and I might need some suggestions. I found a vacant multi-family property from $250K. I had submitted a offer on the property with 5% down FHA. But shortly after the LA told me ...
Bobby Willis
Restrictions for Conventional Loan 5%
What are the restrictions when it comes to an owner occupied conventional loan with 5% down. Can you rent out the home after living a year? (STR or LTR)
Ziyan Liu
Turned Down for Conventional Loan
Hi all,Newbie here. My husband and I have been educating ourselves about REI and are looking at houses in North Texas. We recently applied for a mortgage at a local bank and was turned down before they even looked at ...
Weston Brown
Seller Financing affect Conventional Mortgage?
How will a seller financed mortgage you had on a property affect getting approved for a conventional mortgage loan (on another property) from a bank? I'm assuming you would have to report it on the application wou...