Can I just go with an FHA loan even though I qualify for Conventional with 20% down?
Yes, as the borrower you can choice the mortgage type and product you want.
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What is FHA's Amendatory Clause?
This clause ensures that buyers can reconsider the purchase without losing their earnest money deposit if the home does not appraise for at least the purchase price.
If I wanted to purchase an investment property with a conventional mortgage, would I still be eligible to use a FHA loan down the road?
Yes. FHA does not cap on the number of homes a borrower can own. However, FHA does restrict borrowers from having more than 1 FHA mortgage unless you meet some exceptions.
What is the FHA Self Sufficiency Test?
The FHA Self-Sufficiency Test ensures that a multi-family property with three or four units generates enough rental income to cover its
What is the FHA Flip Rule?
A rule that prohibits the purchase of a property using FHA financing that has been recently sold in the past 90 days.