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Andrew Futty's profile image
Andrew Futty's profile image
Andrew Futty
  • Rental Property Investor
  • from Tipp City, OH
  • Member since May 6, 2017
  • Posts 4
  • Votes 2
  • Experience 10 Yrs
  • Investments 2

User Stats

4
Posts
2
Votes
Andrew Futty's profile image
Andrew Futty's profile image
Andrew Futty
  • Rental Property Investor
  • from Tipp City, OH
  • Member since May 6, 2017
  • Posts 4
  • Votes 2
  • Experience 10 Yrs
  • Investments 2
Andrew Futty
  • Rental Property Investor
  • Tipp City, OH
2
Votes |
4
Posts
Buying & Selling Real Estate

How to use an FHA loan on my second house hack

Andrew Futty
  • Rental Property Investor
  • Tipp City, OH
Posted
I purchased my first property as a house hack a little over a year ago using an FHA loan, and now that I've met the residency requirement I would like to move toward purchasing my second house hack property. I need advice on what my best plan of action should be. Right now I'm thinking I can probably refinance my current FHA loan to a traditional mortgage and take out a separate FHA loan on my new house. Is this my best option? I'm not sure what the steps or qualifications are for refinancing an FHA loan and if I have to be at a certain equity level in the home before I can do so. Any tips would be much appreciated!
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