First Time Home Buyer

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Joshua Milam
  • Real Estate Agent
  • Fairhope, AL
14
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6
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Buying a rental property before buying a primary residence

Joshua Milam
  • Real Estate Agent
  • Fairhope, AL
Posted Jun 3 2022, 15:56

Hello everyone, rookie investor here. My plan is to use a first time home buyers program, FHA loan 3.5% down on a duplex or triplex from about a year from now and house hack the rest of the rooms. My question is if I purchased a rental property before I had my own primary residence (the duplex or triplex) would that hurt my chances of obtaining the FHA loan? I have already asked two lenders and they did not have an answer for me off the top of their head. Any suggestions are appreciated. Thank you.

Mobile (Alabama), Alabama

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