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Updated about 3 years ago on . Most recent reply

Alex Pyle's profile image
Alex Pyle's profile image
Alex Pyle
  • from Hillsboro, Oregon
  • Member since Aug 22, 2016
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Alex Pyle's profile image
Alex Pyle's profile image
Alex Pyle
  • from Hillsboro, Oregon
  • Member since Aug 22, 2016
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Alex Pyle
  • Hillsboro, OR
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Multi-Family and Apartment Investing

Second FHA Loan question

Alex Pyle
  • Hillsboro, OR
Posted

I just got divorced and I have a nice chunk of cash. We had used an FHA loan to purchase our first home about 7 years ago. We sold the house and split the assets. Is it possible to get another FHA loan to purchase a multi family property I plan to occupy? I will also have zero debt.

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Logan Cheek's profile image
Logan Cheek's profile image
Logan Cheek
  • Real Estate Agent
  • from Lexington, KY
  • Member since Jun 11, 2020
  • Posts 25
  • Votes 10
  • Experience 4 Yrs
  • Investments 1
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Logan Cheek's profile image
Logan Cheek's profile image
Logan Cheek
  • Real Estate Agent
  • from Lexington, KY
  • Member since Jun 11, 2020
  • Posts 25
  • Votes 10
  • Experience 4 Yrs
  • Investments 1
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Logan Cheek
  • Real Estate Agent
  • Lexington, KY
10
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Logan Cheek
  • Real Estate Agent
  • Lexington, KY
Replied

Hey Alex!

You can only have one FHA loan at a given time, but you can have multiple FHA loans throughout your life! So yes, you can get another. Talk to a lender (one that offers FHA loans) and they should have more information for you!

  • Logan Cheek
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