Financing Options for 1st time buyer

[Jas Diorio]

Hello! Big fan of the community :)

I am still grasping a lot and have loads of questions. For loans specifically, I've been hearing about about HELOC, FHA and conventional loans.

• What's the difference?
• How should go about weighing them out (assuming I qualify)?
• How will they impact taxes?
• How do they differ for MFH v SFH?
• Can the loans cover and rehab costs? If so, is there specific language in the loan to confirm this?

For context, first-time buyer this year, looking at either MFH/SFH depending on the #s. Also, I'm a W2 worker if that matters.

Thanks!

Jas