Updated almost 3 years ago on . Most recent reply
How did you finance your first property? 🤔
I financed my first 3 family with a standard FHA 3.5% down loan. I originally was very bullish on using the 5% Conventional MHP One loan product but I ended up surpassing the income limit during the underwriting process and I was forced to either put down another 60k OR use FHA, and I chose FHA all day long!
As difficult as it was in the moment after a challenging transaction with multiple aspects to navigate, it was a blessing that I had to use FHA because I will be done with the 1yr owner occupancy requirement next month and able to rent my third unit and continue the journey 🙂
How did you finance yours? 🤔
#Lowell #Worcester #Boston #Leominster #Fitchburg #Gardner