Can theFHA Loan be used more than once when financing a property

[Taylor Battle]

Since FHA loans are for owner occupants only, is it possible for you to qualify for the FHA loan more than once? I'm assuming that the way you qualify for the loan a second and third time is if you continue to move to gain primary residency for the property you're using it for?

[Jaysen Medhurst]

Yes, you can get more than one FHA mortgage, but you can only hold one at a time, @Taylor Battle. There are other restrictions, too. Make sure you do your homework. Also, see if you can qualify for a low-down payment conventional loan. They are a better way to go than a FHA. Less paperwork, no up-front PMI, and monthly PMI drops off once you hit 78-80% LTV.