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FHA Mortgages

gerrcio1216
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I have 1 FHA loan. I want to buy another house. Do I have to sell this house first or can I rent this house out to buy another?

May 18 2008 - US

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George DeVine, "George DeVine"
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George DeVine, "George DeVine"

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You can rent your house and buy another, but you cannot use an FHA mortgage to finance the new home.

May 19 2008

christopher Burns, "Five Stars Mortgage"
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christopher Burns, "Five Stars Mortgage"

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You can only have one FHA loan at a time. You can have more than one property but the one FHA loan you have must be on your primary residence.

May 29 2008

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