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Updated over 8 years ago on . Most recent reply

Michael Kearse's profile image
Michael Kearse's profile image
Michael Kearse
  • Real Estate Investor
  • from Drexel Hill, Pennsylvania
  • Member since Dec 12, 2016
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Michael Kearse's profile image
Michael Kearse's profile image
Michael Kearse
  • Real Estate Investor
  • from Drexel Hill, Pennsylvania
  • Member since Dec 12, 2016
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Michael Kearse
  • Real Estate Investor
  • Drexel Hill, PA
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Creative Real Estate Financing

How Can I Get An FHA Loan, IF I Currently Own A Home?

Michael Kearse
  • Real Estate Investor
  • Drexel Hill, PA
Posted

I am looking to purchase my 1st multi-family, and I would like to leverage a FHA loan to take advantage of that 3.5% down payment.

Is this doable?

Has anyone here successfully pulled this off?

Appreciate the feedback. 

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Estella Nchumuluh's profile image
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Estella Nchumuluh
  • Real Estate Investor
  • from philadelphia, PA
  • Member since Nov 10, 2015
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Estella Nchumuluh's profile image
Estella Nchumuluh's profile image
Estella Nchumuluh
  • Real Estate Investor
  • from philadelphia, PA
  • Member since Nov 10, 2015
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Estella Nchumuluh
  • Real Estate Investor
  • philadelphia, PA
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Estella Nchumuluh
  • Real Estate Investor
  • philadelphia, PA
Replied

Hmmm I heard otherwise, it is doable but you have to live in one of the units. Will you get it till 3.5%? I'll like to know as well

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