Updated almost 11 years ago on . Most recent reply
FHA loan question
My husband and I bought our home 18 months ago using a conventional loan before we started thinking about investing in real estate. We are now considering using an FHA loan to buy another house and doing a live-in flip. For a couple of reasons we would like to keep our current house and rent it out, so our primary residence would be the live-in flip. Can we still use an FHA loan if we already own a home as long as the FHA loan home would be our primary residence?