Fha to conventional, then can you have a new fha for househack?

[Zudith Lopez]

Can you refinance an fha loan to conventional loan, then take out another fha loan for a new multifamily househack? I know you can't have more than 1 fha loan at a time but not sure if you can have a 2nd one after converting the first fha to conventional

[Dylan Bowman]

Yes, you can absolutely do this. I'm in the process right now of refinancing my first rental property from FHA to Conventional. I also got my preapproval for my second property. My lender said if I find my second property we can also close the refinance and my new property at the same time. That way you can kill two birds with one stone. But like Joel said, definitely talk to a lender. You can also repeat this same process every 6 - 12 months assuming you have another down payment saved up.