FHA loan on second home

[James Close]

I bought my current house with an FHA loan and later refinanced to conventional loan. I want to buy another house to live in with my family, but want to keep my current home to rent out. Am I able to get an FHA loan on the second home that I am going to live in?

[Erik Checkur]

Yes, you can only have one FHA loan at a time so as long as you have already refinanced the first home from FHA to conventional, then plan to owner occupy your next FHA purchase, you should be all set.