In real estate, there are a variety of loan programs available (such as hard money, private money, and creative financing), but most of them do not apply to house hacking. As a new investor, it can be easy to get caught up in these details and lose sight of the big picture.
The majority of our clients finance their house hack with “boring” traditional 30-year fixed loans, such as FHA, Conventional, and VA loans. However, our track record shows that “boring” equals success.
The other 20% of our clients take advantage of enhanced programs that offer great down payment assistance. Eligibility requirements apply, but if you qualify, it’s worth considering!
If you would like to learn more about these enhanced lending programs, reach out to our team here.
If you need a recommendation for an investment-friendly lender, connect with Troy Howell at Nova Home Loans.
Contact information for Troy Howell: