Updated over 5 years ago on . Most recent reply
Only one FHA loan per person
Hello,
I currently have one FHA Loan and have lived in the property for almost one year. I was hoping to buy another property with an FHA loan once the year was up. I was under the impression I could have up to ten FHA loans as long as they were purchased a year a part. Seems like I can only have one at a time and I would need to refinance out of an FHA to use another.
Can someone provide some clarification on this?