Can FHA loan be used for second property??

[Stuti S.]

Suppose a person purchase first property as investment property. Later can he apply for FHA loan while purchasing second property and used as primary residence?

[Chris Mason]

Originally posted by @Stuti S.:

Suppose a person purchase first property as investment property. Later can he apply for FHA loan while purchasing second property and used as primary residence?

Yes, in this scenario where other property was an investment property purchased with investment property financing, you could use FHA to purchase a primary residence. 95% LTV conventional, however, will likely be a better deal if you have good credit and it's an SFR.