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Updated about 4 years ago,

User Stats

1,269
Posts
1,389
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Andrew Freed
Agent
Pro Member
  • Investor
  • Worcester, MA
1,389
Votes |
1,269
Posts

Looking for insight into House Hacking Yearly / Reusing FHA Loan

Andrew Freed
Agent
Pro Member
  • Investor
  • Worcester, MA
Posted

Hi BP Community,

I am an investor looking to purchase a new multi-family every year using a FHA loan product. This is due to the low down payment and the low debt to income requirements. The challenge I am running into currently is that an individual may only hold 1 FHA loan at a time. Does anyone have insight into loan programs where I can get out of the FHA loan even with less than 20% down? I have 5% equity in my current multi-family and am looking to refinance out in 4-6 months to have access to the FHA loan program so I can go shopping again. Any guidance is greatly appreciated!