Hi all, I have owned a three unit with an active FHA loan for more than 2 years. I'm interested in another similar property in the same city and this makes me ineligible for a second FHA. What other options can I use if I wanted to stick to 3.5% down payment?
@Eduardo Bacha there are conventional owner occupied 5% down mortgages. Someone was advertizing 3% down loans. You will have to call around and see what you can do locally. Try your local credit union.
@Eduardo Bacha - Get a girlfriend or family member to get an FHA loan in their name. Otherwise check into owner financing
Thank you, Tim!