FHA 100 mile rule flexibility

1 Reply

Has anyone had any experience in obtaining a second FHA loan when relocating? I currently have an FHA loan but we are looking to move to another city. It'll be about 80 miles from the current residence. Is the 100 mile FHA rule flexible at all? 80 miles is not a reasonable commute.

@Jozy T. You can get an FHA loan while currently owning another property. Particularly in your situation where you're moving because of work.

The 100-mile rule is that you cannot use rental income from that property as qualifying income if you are not at least 100 miles away. So your income must be able to carry both mortgages without using rental income from the first property.

That rule is not particularly flexible, unfortunately.

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