FHA Loan Do or don’t?

[Cristian Garcia]

I'm trying to decide which direction I should step. For my first property I'm considering buying a duplex or triplex in the Orlando area, Rehabbing the property for 10% appreciation, and renting each unit out. I have no major loans and my credit score is in the low 700 range. I've heard that I can get an FHA loan for as low as 3.5% down with 2.5% interest rates but you are required to get higher Mortgage insurance Premium. In my position would it be better to go the conventional route or use an FHA loan? Thoughts?

[Harjeet Bhatti]

@Cristian Garcia You have one more option of Home possible loan with 5% down payment. Home possible has lower MI option.  The best approach will be get a presentation of both products from your lender.