All Forum Posts by: Chris Nunes

@Chris Purcell is two years the residency requirement to keep a residential conventional mortgage? Similar to the one year on FHA?

Hello there. I'm a stereotypical millennial professional: still leaching off the parents by living at home. I am very interested in house hacking. And like many am considering a 3.5-5% FHA loan for a two or three family to at least neutralize cost of living and perhaps create some cashflow, although that seems difficult in my area. After which id like to expand to a second property etc. My question is, what is ones exit strategy with an FHA loan after owning the property for say two years? Obviously at this point I would not have the 20% required to refinance and then get a second FHA loan?