I am a RE investment starter. The rate for investment is sort of a full point higher than primary rate. An agent tried to sell me FHA loan, which I thought FHA is for low-income applicants. The FHA rate he is selling is lower than the 20% down conventional loan.
What is the downside of FHA loan?
FHA vs Conventioanal loan, CaLoanAgent, please reply.
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FHA loans can not be used for investment properties.
-CALoanAgent-
♂
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10/09/2008 postreply
11:57:54