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Does a duplex investment qualify for FHA?
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Thread created 02-26-2013 by PRINTABLECOUPON
0 Score 7 Replies 977 Views
Post #57863104 added 02-27-2013 10:07 AM by MNGuy183 in Archived Deals
Even with a credit score in the 600's you should be able to get a conventional loan. Have you talked to a broker? Looking at a credit union might be a good way to go too, they sometimes can be more...
Does a duplex investment qualify for FHA?
Expired
Thread created 02-26-2013 by PRINTABLECOUPON
0 Score 7 Replies 977 Views
Post #57864842 added 02-27-2013 11:13 AM by Boomancini in Archived Deals
This isn't true at all. Credit unions are actually the ones that shy away from investment properties. Usually you need a 620 for a conventional loan. What you need is to find a bank that portfolio...
Does a duplex investment qualify for FHA?
Expired
Thread created 02-26-2013 by PRINTABLECOUPON
0 Score 7 Replies 977 Views
Post #57872028 added 02-27-2013 4:11 PM by MNGuy183 in Archived Deals
I live in MN and I had a much easier time and much better interest rate going with my credit union for an investment loan. They actually gave me the same rate they would give someone on a...
Does a duplex investment qualify for FHA?
Expired
Thread created 02-26-2013 by PRINTABLECOUPON
0 Score 7 Replies 977 Views
Post #57847868 added 02-26-2013 4:08 PM by BargainSnatcher in Archived Deals
Where are you located, Texas?
Does a duplex investment qualify for FHA?
Expired
Thread created 02-26-2013 by PRINTABLECOUPON
0 Score 7 Replies 977 Views
Post #57847580 added 02-26-2013 3:51 PM by PRINTABLECOUPON in Archived Deals
Credit is around 610-615 does not qualify for conventional at the moment.
Does a duplex investment qualify for FHA?
Expired
Thread created 02-26-2013 by PRINTABLECOUPON
0 Score 7 Replies 977 Views
Post #57847356 added 02-26-2013 3:37 PM by PRINTABLECOUPON in Archived Deals
Found a nice duplex that is currently rented out and would like to buy . Price is 139k Gross rent 1800 ( without property management company) Property tax annually 4k The only thing that is...
Does a duplex investment qualify for FHA?
Expired
Thread created 02-26-2013 by PRINTABLECOUPON
0 Score 7 Replies 977 Views
Post #57848266 added 02-26-2013 4:28 PM by BargainSnatcher in Archived Deals
I sent a quick email to my mortgage gal with details of your situation and score and this is the response i got back: Unfortunately, FHA is for primary residency only. You can purchase a duplex...
Does a duplex investment qualify for FHA?
Expired
Thread created 02-26-2013 by PRINTABLECOUPON
0 Score 7 Replies 977 Views
Post #57847534 added 02-26-2013 3:48 PM by Boomancini in Archived Deals
No. FHA is strictly for owner occupied transactions. With that down payment, why would you go FHA? Conventional would be a better avenue.

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