FHA loan with existing Conventional

[Spencer Davis]

Hi all, I have a question to bounce off the community. Does anybody have experience getting an FHA loan for 2nd property while having conventional loan in place on 1st property? I would like to rent out my SFH that is conventional while obtaining a multi-plex (up to 4 units) with FHA financing. I have no FHA loan in place on any property.

[Blair F.]

@spencer Davis Yes this is possible. I bought 2nd property with FHA while having a conventional loan on 1st property. I was able to qualify for both loans at same time so was not a problem.