Updated over 4 years ago on . Most recent reply
Low Down Payment if Moved?
Hello, I am a recently new investor as I purchase my first primary home two years ago and am currently housing hacking it. I am considering moving but still within the Raleigh area. I was wondering if I would be able to purchase a new home for a low down payment of 3.5% or anything below 20% if I keep my first home and turn it into a rental while moving into the new home?
I have heard that in order to get a low down payment I would need proof and reason to move such as a change in job.