FHA Lending

[Jennifer Bondhus]

We're new to Texas and not sure if the same lending practices hold true for all states? We're wanting to buy an owner-occupied duplex or 4 plex. Would we be able to use an FHA loan for that? In Texas, is it required that we occupy the property for 12 months before moving out?

What happens after we move out and are ready to purchase another income property? Can we buy again using FHA with only the 3.5% down or are we only limited to one FHA property at a time? If we can't do an FHA again, are we stuck with our next purchase needing 20% down?