All Forum Posts by: Yohannes Sium

Hi Whit,

I have been house hacking so I actually have an active lease already and commitment for them to renew for a whole year. 

If I put the 5% down, does this fix the issue of moving 70-100miles away/having significant life even change? @Account Closed

Hi All,

I had purchased a house last year as a primary residence with conventional loan and put 3% down. My goal was to utilize the primary residence and purchase a house every year, however I am having some issues which I want to clarify. My loan officer informed me that even though I have the D/I ratio to purchase another house, I will not be able to do so using the 3%. I have fulfilled my 1 Year commitment, however, he is indicated for me to utilize the 3% again I would have to move very far or have a drastic change which justify it. Is this true? How do people manage to purchase a house every year utilizing the 3% down?

Hi All,

I had purchased a house last year as a primary residence with conventional loan and put 3% down. My goal was to utilize the primary residence and purchase a house every year, however I am having some issues which I want to clarify. My loan officer informed me that even though I have the D/I ratio to purchase another house, I will not be able to do so using the 3%. I have fulfilled my 1 Year commitment, however, he is indicated for me to utilize the 3% again I would have to move very far or have a drastic change which justify it.  Is this true? How do people manage to purchase a house every year utilizing the 3% down?