Conventional owner occupied

2 Replies

Thinking of doing owner occupied for my next purchase. I have a market in mind but I am stuck with deciding financing.

What is everyone's experience with owner occupied financing? FHA, Conventional, or other forms of financing

@Greg Moore - Owner occupy a value add 4 plex and get an FHA 203k construction loan. Then do the work, increase the value and refinance it after 1 year. You'll pull out your funds + more (if you buy and rehab it right), and you'll drop your PMI.