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Can you do a HELOC w/ FHA loan?

The house is $325K and the county limit is $271K. I have 10% down.
  • October 21 2013 - Columbus
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Answers (1)

Good question, last time I tried this ( 2 years ago ) I was shot down due to the combined liens exceeding the loan limit. You may find a Lender that does not interpret the guidelines that way though. Is there a reason why you want to use an FHA loan for the 1ST? You will save a ton of money  using a Conforming 1ST / 80/10/10 or better yet a single Conforming loan. 
  • October 22 2013
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