All Forum Posts by: Chris Tran

That makes a lot of sense. Thanks for the info! It seems like this is the way to go if you're aiming for lowest % down. 

When talking about FHA loans, if I do have the ability to qualify for a conventional loan instead of a FHA loan, is it more beneficial to go one way or the other? This would be for a rental investment property. Or is it a matter of doing the math on how much PMI costs, and how long it'll take to even out the costs of FHA vs conventional and compare that to how long I plan to hold the property (Is this how you would evaluate deciding between the two?)

I've been reading about FHA loans which require owner occupation. Can you occupy the property AND rent out rooms within the first year? Is it limited on house type (condo, townhouse, multi family, single family, etc.)