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Updated about 11 years ago on . Most recent reply

User Stats

56
Posts
7
Votes
Ryan VanPatten
  • Homeowner
  • Herndon, VA
7
Votes |
56
Posts

Can I qualify for an FHA Loan while I already have a Conventional Loan?

Ryan VanPatten
  • Homeowner
  • Herndon, VA
Posted

Hey all,

In 2012, I purchased a townhome with a 30 year, fixed, conventional loan with only 5% down. My question is; Is it possible to recieve a FHA Loan while already having this conventional loan? If so, can I use rental income I receive from roommates (and I claim on taxes) from this property as income to qualify for an FHA?

Thanks

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