Updated over 7 years ago on . Most recent reply

Another Loan With FHA Loan
I currently have a multifamily property that I owner occupy. I got this with an FHA loan. After I've lived here for a year, would I be able to buy another property with a conventional loan? Would I have to refinance this home into a conventional loan before doing that? I know you have to stay in a home for at least a year with an FHA loan, but I'm not sure the terms for buying another property after that year and keeping the initial one.
Any thoughts are much appreciates!
Thanks,
Christian