I currently own a triplex that was Fha financed, and a duplex that was owner occupied 15% down.
If I refinance the Fha triplex, would I be allowed to use the Fha 3.5% down again? The goal would be to lower my monthly, and allow me to get into another multi for low money down. Thanks!
@Paul A. as long as you are going live there then I believe you can use the FHA loan every 2 years. Check with your local mortgage expert. If you are not going to live there and just tell the bank that you are I have seen this done many many times then you need to be careful because thats essentially fraud and could come back to bite you. Again check with a very good and experienced mortgage expert.