Want to buy second home and have equity on first oneI want to buy bigger home as kids are growing and was planning to rent current home. I have around 15-18% equity on first home. Can we get second FHA loan if not then what are best options available. How much down payment I need for the second home. ThanksMay 04 2012 - US0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.