Updated almost 3 years ago on . Most recent reply
FHA/Conventional loan after a Commercial Loan
First BiggerPockets post!
I initially had a single family home(SFH) which was my primary residence that I recently sold. I used the funds for the home sale to purchase my first investment property(6 unit - commercial loan). I plan to use an FHA loan to purchase a 3-4 unit property hopefully by the end of the year, which will be my primary residence.
After that I plan to purchase another SFH using a conventional loan while renting out the 6 and 3-4 unit.
How much of a down payment will the conventional loan require using that loan sequence?
Could I instead use a conventional on the 3-4 unit and how would that affect the SFH down payment.