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Paulo Metts
  • Property Manager
  • Salem, OR
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6
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VA, FHA, and Conventional Loan Order

Paulo Metts
  • Property Manager
  • Salem, OR
Posted May 24 2017, 08:54

Hello BP! I'm eligible to use a VA loan, and hope to use an FHA loan to purchase a 4-plex with each loan type. I also have enough saved to put 20%-25% down for another 4-plex by using a conventional loan. I have enough to cover all the closing costs for each type of loans. I already know about the residency requirements for each type of loan, and I know I can't necessarily use all three at the same time. I was hoping someone could give me advice in which order to use each loan type (VA, FHA, conventional) and why? Meaning, should I get a VA loan first, wait a few, get a conventional loan, wait a few, then get an FHA loan, or whatever order is best? My goal is to buy at least three 4-plex units using the three loan types. Thank you all in advance.

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