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Updated over 6 years ago on . Most recent reply

Eudes De leon's profile image
Eudes De leon's profile image
Eudes De leon
  • Member since Aug 22, 2018
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Eudes De leon's profile image
Eudes De leon's profile image
Eudes De leon
  • Member since Aug 22, 2018
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Eudes De leon
3
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17
Posts
Multi-Family and Apartment Investing

FHA from Single family to move the family

Eudes De leon
Posted

I recently apply for FHA loan To buy a Multi family. The problem is I have a single family with a conventional loan. Now the Under writer wants to know why I want to move from a single family to an apartment. The reason is because I want to at a 4unit To my portfolio but of course I cannot tell them this. Any idea how can I get my loan approved .

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Rich Littlefield's profile image
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Rich Littlefield
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  • from Huntington Beach
  • Member since Jun 30, 2008
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Rich Littlefield's profile image
Rich Littlefield's profile image
Rich Littlefield
  • Lender
  • from Huntington Beach
  • Member since Jun 30, 2008
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Rich Littlefield
  • Lender
  • Huntington Beach
57
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120
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Rich Littlefield
  • Lender
  • Huntington Beach
Replied

If the house with the conventional loan on it, is too near the house you are buying, the underwriter will have a tough time doing the loan.  

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