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Private Lending & Conventional Mortgage Advice

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Ryan VanPatten
  • Homeowner
  • Herndon, VA
7
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56
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Can I qualify for an FHA Loan while I already have a Conventional Loan?

Ryan VanPatten
  • Homeowner
  • Herndon, VA
Posted Jul 4 2014, 11:51

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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