Possible second loan options that doesn't need 20 percent
Hello I bought a home a year ago in NJ using an FHA loan and it has been great. Now this upcoming year I want to buy another home in hopefully a better area and help move my family with me now. Unfortunately, the only other loan option I keep hearing is a conventional loan with 20% down payment. I do not have a 20% down payment for a home in NJ since homes in NJ are pretty expensive. I have seen other options to get conventional loans with only 5% down payment but I am not sure how it works with me having an FHA loan. What are other loan options with low down payments with someone that has an FHA to his name? If there are where can i find them and research them?
Thank you in advance for your help and I look forward to your responses.