Finding a Loan for Second Mortgage

3 Replies

Hi folks. I’m looking to rent out my current home and move into a duplex and rent out the other side. I was wondering if any of you know of lenders who are willing to do that kind of loan in the Dallas-Fort Worth area?

@Tim Lewis

As mentioned these are common owner occupied loans.

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An owner occupied conventional duplex loan requires 15% down payment and FHA requires 3.5% down. FHA will want an explanation on why you are looking to go from a single family to a multi-family.