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Updated over 5 years ago,
What happens to an FHA loan after a year and want a new one?
I'm planning on getting an FHA loan to house hack but I don't know what happens after a year. Do you get the same interest rates and payments after a year and you apply for a new FHA loan? Or do you have to refinance the house and pay 20% down on the first house in order to get a new FHA loan on the second house?