What are the odds of getting an FHA loan?

[Craig Garrow]

I'm eyeballing a triplex here in town, and looking to get some bank financing. My issue is that I just purchased a duplex with a 5% down "owner occupied" conventional loan and closed in January. This triplex is in an "A" neighborhood and could be a home run for me if I'm able to get it. I could do a 20% down conventional loan if I utilized Seller's Concessions, but it would be tight. My next thought would be to attempt getting an FHA loan for 3.5% down, but I was told it may be difficult to get this because I already own a property that I bought conventional. Any input is greatly appreciated!