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Updated over 5 years ago on . Most recent reply

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2
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Jason Dykstra
  • Grand Rapids, MI
0
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2
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Is it possible to use a 2nd FHA Loan

Jason Dykstra
  • Grand Rapids, MI
Posted

Hi Bigger Pockets Community,

First time poster here. After listening to many Biggerpockets podcast I'm very exited to jump into real estate investments.

I have a question I'm wondering if someone may be able to help me with regarding FHA loans. I'm wondering if it is possible to get a 2nd FHA loan if my original home is no longer in an FHA loan (I refinanced to 12yr home equity loan)? I'd like to keep the equity in my first house for cash flow purposes rather than pulling it out for our next house so the 3.5% down on the FHA loan is very appealing to me.

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