FHA Rules for Remote Workers?

[John Anderson]

Hi all - two years ago I bought my first home in the Chicago area using the FHA loan program.

I recently switched jobs and am now working for a company based in Seattle.  However, as part of my employment agreement my new employer has allowed me to continue to live here.

I recently moved to Wisconsin to be closer to family, and would like to purchase a new home here. I understand that FHA rules allow you to take a second FHA loan under certain circumstances, including moving over 100 miles away. I'm wondering if I would be able to obtain a second FHA loan under these circumstances?