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Can I get a second FHA loan before expiring (selling) the first (house)?

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March 26 2010 - Goodlettsville
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Answers (3)

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Here is a link to the FHA's answer on obtaining a second FHA loan.

http://www.fhaoutreach.gov/FHAFAQ/answerPre.jsp?solutionid=AAVA-2F0ZGG

It can be done if you are relocating, had an increase in your family size, if you are vacating a jointly owned property or if you were the non-occupying co-borrower. 
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March 26 2010
You can have two FHA loans at the same time, but you will have to qualify for the two payments and their are certain circumstances, like the ones Dave mentioned to allow you to do this.

I would make sure to have your loan officer check with their underwriter before you get too involved in the process. I am sure you would hate to get to the end before you realize that this cannot happen.
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March 31 2010
 Check with your lender of choice to be sure. But you can only have one FHA loan at a time.
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March 26 2010
 
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Can I get a second FHA loan before expiring (selling) the first (house)?
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