Could someone in theory take out a new FHA loan every 2 years?

[Audra De Falco]

Hi guys. I am a total baby investor still in the money saving stage. I realize that FHA loans might not be the best option so I am still not convinced on them. Ideally I would like to put down at least 10% on my first property.

But hypothetically, after I've closed on the first property and saved up 3.5% for another home, could I then apply for an FHA loan, move to the new house, stay for the required 2 years and then apply for an FHA loan for another home and continue this way?

Or is that a completely awful idea?

Thanks.

[Josh Mitchell]

@Audra De Falco @Franky Juwana you would need to refinance the first house out of the FHA loan as you are only allowed to have one FHA loan at a time.