Does “FHA” show on credit or lender?

Question

Hi and Thanks in advance for any insight. If you have an FHA mortgage does it show up as that on your credit report? Owner occupancy is a requirement to tap into equity I have in my first rental property. But I currently have an FHA mortgage on my second. Will the lien holder on my first see the second mortgage as an “FHA” mortgage and therefore question occupancy condition?

Eric Veronica · Answer

The lender/servicer is always listed.  Sometimes the tradeline will include FHA,Fannie Mae, VA, Freddie Mac etc.

Having an FHA mortgage that you took out in the past only really tells an underwriter that mortgage was an owner occupied property when it was originated.

Chris Mason · Answer

The letters "FHA" will typically show up not only on your credit report, but there will be obvious signs of an FHA loan a half dozen other places as well. For example only FHA/VA loans have starting loan amounts with non-round final digits, like $522,184. Conventional will always be something round like $522,000. Most mortgage statements will also say FHA on them, and of those that don't, it's super easy to multiply the monthly mortgage insurance (usually it'll say "MIP" for FHA, but even if not...) by 12 and divide by the loan amount, and oh look it's something not quite 0.85% (like 0.8435%), which is FHA mortgage insurance in 95% of scenarios (conventional will be whatever number on the button, like exactly 0.55%, not 0.54226%). If you got the FHA loan from an independent mortgage broker, the interest rate will also be stupid low, like 3.25% or something, another obvious marker of FHA (or VA). You can mitigate the latter one by calling a direct lender for 4% (or w/e) on FHA, but that's probably a silly approach since there will be all the other obvious signs as well.

Oh, and even if you slip through all that and try to get another FHA loan, your SSN will flag the FHA case number, showing that you already have an FHA loan.