More Than One FHA Loan Within 100 Miles
After speaking with a lender about FHA loans I am a bit confused. It was explained to me that you cannot have more than 1 FHA loan within 100 miles of each other. The goal was to finance a 3 unit property through an FHA loan, live in it for the necessary amount of time then repeat the process with another property.
Of course if this is a restriction that does indeed exist, that would change plans a bit. Can anyone shed any light on this?