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Updated about 7 years ago on . Most recent reply

User Stats

24
Posts
10
Votes
Christian Tallet
  • New to Real Estate
  • Dayton, OH
10
Votes |
24
Posts

Another Loan With FHA Loan

Christian Tallet
  • New to Real Estate
  • Dayton, OH
Posted

I currently have a multifamily property that I owner occupy. I got this with an FHA loan. After I've lived here for a year, would I be able to buy another property with a conventional loan? Would I have to refinance this home into a conventional loan before doing that? I know you have to stay in a home for at least a year with an FHA loan, but I'm not sure the terms for buying another property after that year and keeping the initial one.

Any thoughts are much appreciates!

Thanks,
Christian

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