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Peer 2 Peer Real Estate's Podcast - William Morales 17th April 2021
Special Show : Using The FHA Loan to Get into Real Estate
00:00:00 00:10:07

Special Show : Using The FHA Loan to Get into Real Estate

There are a few ways to invest in real estate, for example besides owning a home, there are rentals, if you want to be a landlord, Investing in Reits among other things.

But have you thought about House Hacking? In other words, how about buying a multifamily home? you can use a FHA Loan to buy your first property, you can live in one unit and rent the others out.

FHA Criteria For Lending

  • Credit score at least 580 = 3.5% down payment.
  • Credit score between 500 & 579 = 10% down payment.
  • MIP *Mortgage Insurance Premium* is required.
  • Debt-to-Income Ratio -43%. you have a credit card and the limit is $1000, fha doesn't want you to spend more than $430.00 in usage
  • The home must be the borrower's primary residence, so please follow the law
  • Borrower must be employed and have steady income


FHA Approved Lenders


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***Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.

Thanks to our Partner Lendency

Loans For Residential Real Estate Investors Friends with a tendency to lend

Go Here: Friends with a tendency to lend -https://www.lendency.com/apply?6rng2=William%20Morales


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