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Updated over 3 years ago on . Most recent reply

Christian Daviscourt's profile image
Christian Daviscourt's profile image
Christian Daviscourt
  • from Flagstaff, AZ
  • Member since May 6, 2020
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Christian Daviscourt's profile image
Christian Daviscourt's profile image
Christian Daviscourt
  • from Flagstaff, AZ
  • Member since May 6, 2020
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Christian Daviscourt
  • Flagstaff, AZ
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Simple FHA Loan Question

Christian Daviscourt
  • Flagstaff, AZ
Posted

So I own a house with a fixed 30 year loan and it is my primary residence. Is there any way to get an FHA loan for an investment property? Fairly certain that I can't as it won't be my 'primary residence'. Just wanted to know if there are loopholes or work arounds to this?

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Peter M.'s profile image
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Peter M.
  • Rental Property Investor
  • from DFW, TX
  • Member since Apr 2, 2013
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Peter M.'s profile image
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Peter M.
  • Rental Property Investor
  • from DFW, TX
  • Member since Apr 2, 2013
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Peter M.
  • Rental Property Investor
  • DFW, TX
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Peter M.
  • Rental Property Investor
  • DFW, TX
Replied

@Christian Daviscourt Buy a new house with an FHA loan, move into it and rent out your first house. Also, remember PMI doesnt comes off FHA even once you reach 20% so it might be better to just go conventional owner occupy loan.

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