I have a USDA loan on my current house. From what I understand, you can only have one of those (or at least only one at a time, unsure.) I have an opportunity to transfer to a new facility, but I'd like to keep my house, so I'd rent it out. I'd also prefer to buy a house here as well. (Rentals are really expensive from what I've seen so far) This would mean I would have 2 active mortgages. I don't have a ton saved up right now, probably a few thousand dollars would be available for a down payment. Are FHA loans good options or is the PMI usually not worth it? Or is renting the "most responsible" option?
Submitted April 20, 2019 at 09:20AM by Ellawell http://bit.ly/2Gp2L9f
