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Updated almost 7 years ago,
Another Loan With FHA Loan
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