Fha loan while owning 2 properties already
3 Replies
Ryan Keenan
from bethel, ct
posted over 3 years ago
hi bp,
Looking for a bank in ct that will do a fha loan on a multi family property. I currently own 2 multi familys financed with va loans. They are all fully rented. Also, if this will be even possible?
Thanks
Ryan
Wayne Brooks
Real Estate Professional from West Palm Beach, Florida
replied over 3 years ago
No problem, as long as you are going to owner occupy one of the units for at least a year.
Megan Phillips
Rental Property Investor from Vermont
replied over 3 years ago
What @Wayne Brooks said --- the only restriction is that you can only have one FHA loan at a time, and that you owner occupy for one year.
Rick Santasiere
Real Estate Broker from Granby, CT
replied over 3 years ago
@Ryan Keenan , I have some lending suggestions for you if you want to message me. I am also an investor in CT. I just sold a house a few months back on Long Hill Lane in Bethel!