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24
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5
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Ryan Taylor
  • Atlanta, GA
5
Votes |
24
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Different types of loans for low income

Ryan Taylor
  • Atlanta, GA
Posted

I know about the FHA loan but it requires one to live at the property for a year. That wouldn't be possible for me as I am married and a homeowner. I'll have enough for a down payment soon but I was wondering what are my options if I don't have much money currently. Sorry I am new to this world.

Thanks!

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318
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189
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Victor So
  • Real Estate Agent
  • Chicago, IL
189
Votes |
318
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Victor So
  • Real Estate Agent
  • Chicago, IL
Replied

@Ryan Taylor

Hey Ryan!

Where do you currently live? If possible, would it be an option for you to rent out your current place and move into another place with a FHA loan? If renting the entire house doesn't cash flow, would renting by the room be another option for more cash flow?

  • Victor So
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Victor So Real Estate LLC
5.0 stars
17 Reviews

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