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Updated almost 7 years ago on . Most recent reply

Jim Walters's profile image
Jim Walters's profile image
Jim Walters
  • Rental Property Investor
  • from Conover, OH
  • Member since Feb 27, 2016
  • Posts 55
  • Votes 48
  • Experience 30 Yrs
  • Investments 1
Connect

User Stats

55
Posts
48
Votes
Jim Walters's profile image
Jim Walters's profile image
Jim Walters
  • Rental Property Investor
  • from Conover, OH
  • Member since Feb 27, 2016
  • Posts 55
  • Votes 48
  • Experience 30 Yrs
  • Investments 1
Connect
Jim Walters
  • Rental Property Investor
  • Conover, OH
48
Votes |
55
Posts
General Real Estate Investing

FHA Loan Question once MIP is gone

Jim Walters
  • Rental Property Investor
  • Conover, OH
Posted
I bought a property in 2009, getting a FHA loan. I recently received notification my loan met the requirements for my FHA mortgage insurance to be removed. So I called and I met the requirements and the FHA MIP is gone. So my quick question is, is my loan still considered FHA? This is important because you can only have one FHA loan out at a time, and I would like to use this type of loan to buy a four unit were I live in one of the units. Thanks in advance for your help!
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