Updated over 7 years ago on . Most recent reply
FHA Loan Question once MIP is gone
I bought a property in 2009, getting a FHA loan. I recently received notification my loan met the requirements for my FHA mortgage insurance to be removed. So I called and I met the requirements and the FHA MIP is gone.
So my quick question is, is my loan still considered FHA? This is important because you can only have one FHA loan out at a time, and I would like to use this type of loan to buy a four unit were I live in one of the units.
Thanks in advance for your help!