can we get an fha loan for an investment property?
this will be close to our primary home, but we will not live in it planning on renting out to generate cash flow. wondering if we can get a loan to buy the home. by brian.tse285 from Alhambra, California. Jan 16th 2014
Steffnie Parsons (Steffnie)
#14 ranked lender in Oklahoma - 61 contributions
If the home is not going to be your primary home, no you can not get an FHA loan for investment, you will be required to put down 20% for investment property. Contact me today 405-445-1091 Steffnie Parsons with Peoples Bank or email Steffnie@peoplesbankusa.com
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
FHA is only for primary residence financing and is not intended for investors.. the best loan product for investor financing is a HomePath home.. you can purchase one of these homes with just 10% down, but its only on specific homes offered for sale by Fannie Mae.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions
No, you CANNOT get a FHA loan on an investment property. It must be your Primary Residence.
Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions
No you can't- You will need to purchase this as a investment property-20% Down Payment.
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