Newbie looking for first multi to house hack
Hello everyone, I am brand new to BP. I’m from south west Connecticut and am looking for my first 2 family (or more) to house hack. What kind of loan should I use? How much should I put down? Any tips or advice would be greatly appreciated!
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Welcome @David Alvarez,
In today's market you are most likely going FHA which is typically 3.5%-10% down payment based on credit score. Or, conventional with 20% down. The FHA will require private mortgage insurance (PMI) while the conventional will not.
How much toput down will be up to you. As @Jaysen Medhurst said, take some time to do some research. Lots of information out there regarding this question.