VA loan & FHA Home Loan

Member since 2023 · 4 posts · 4 votes

I know that you can only have one FHA home loan open at a time, but what if you have a VA loan open? Can I still get a FHA home loan if I currently have a VA home loan? If anyone could answer this question, thank you!

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Edward Stephens

Realtor and Investor · Leawood, KS · Member since 2015 · 166 posts · 78 votes

HI @Jalun Bridges . Yes you can- it is allowed. Make sure the future FHA loan you want to originate is on a home you plan to occupy as your primary residence.

If you run into any trouble doing this please reach out to me.

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Edward Stephens
Realtor and Investor · Leawood, KS · Member since 2015 · 166 posts · 78 votes
3y
HI @Jalun Bridges . Yes you can- it is allowed. Make sure the future FHA loan you want to originate is on a home you plan to occupy as your primary residence.
If you run into any trouble doing this please reach out to me.
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Jalun Bridges
OP
Member since 2023 · 4 posts · 4 votes
3y
Quote from @Edward Stephens:

HI @Jalun Bridges . Yes you can- it is allowed. Make sure the future FHA loan you want to originate is on a home you plan to occupy as your primary residence.
If you run into any trouble doing this please reach out to me.

Thank you!
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Thomas Taylor
Member since 2019 · 2 posts · 1 vote
3y
I'm no pro but I would say yes once your 1 year VA obligation is met OR your "intention to occupy" is met.
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Carlos Scarpero
Lender · Dayton, OH · Member since 2018 · 117 posts · 19 votes
2y
You can have multiple VA home loans. Entitlement might get tied up and you might end up needing a down payment though depending on loan amounts.

Yes, you could also have a VA and an FHA if needed. Would need to live in the home as primary at the time of closing on either program.
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