All Forum Posts by: Tadiwanashe Chirongoma

@Brad Sneckner

Thank you all for the guidance and encouragement I was feeling a little lost and I’m glad to know I’m on the right track!

@Chris Davidson

Thank you so much for the help. I’ll have to have a look around. Would I still be able to find those lenders online? Also for those conventional loan would I be able to get a pretty low down payment?

Hello,

My wife and I are looking into buying a multi family property and house hack so we can live in one unit and rent out the other. We live in Southern California and so houses are pretty expensive. We were hoping to get an FHA loan and pay 3.5% down. However, I just spoke with a representative from Quicken loan and he said that the minimum deposit for a two unit property is 10% is this true for all FHA loans or is there someway to get to the 3.5% down. We are also first time home buyers and have pretty decent credit.

Thanks for the help.