Updated over 4 years ago on . Most recent reply
Simple FHA Loan Question
So I own a house with a fixed 30 year loan and it is my primary residence. Is there any way to get an FHA loan for an investment property? Fairly certain that I can't as it won't be my 'primary residence'. Just wanted to know if there are loopholes or work arounds to this?
Most Popular Reply
@Christian Daviscourt Buy a new house with an FHA loan, move into it and rent out your first house. Also, remember PMI doesnt comes off FHA even once you reach 20% so it might be better to just go conventional owner occupy loan.