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Updated about 7 years ago on . Most recent reply

User Stats

53
Posts
11
Votes
Joel Gierbolini
  • Property Manager
  • Hallandale, FL
11
Votes |
53
Posts

Can you be a First time Home Buyer twice???

Joel Gierbolini
  • Property Manager
  • Hallandale, FL
Posted

I have read many articles that this can be true. I talked to a broker and I was told that for your first primary property (FHA loan) the downpayment can be 3.5% and for the second property as long as you move 100 miles away from your primary property you can get a FHA loan of 5% down payment and you don't have to get a conventional loan on your second property. Is this true?

Thanks for the help!

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