Skip to content
Starting Out

User Stats

1
Posts
1
Votes
Griffin Ashey
  • Cumberland Center, ME
1
Votes |
1
Posts

FHA/Conventional loans for live in properties.

Griffin Ashey
  • Cumberland Center, ME
Posted Mar 30 2015, 10:28

I am coming out of college with the intent to go straight into investing in real estate and my question is regarding the financing for the first property. Coming out of college I will have savings for 5-10% but 20 is out of range. I have looked at FHA loans but have also heard some investors on this site using a 5% down conventional loan for live in properties and multi-units. If I have a steady job and plan on living in the property for a year or more what are my chances? Advice? experience?

Loading replies...