Question about eligibility for an FHA loan

[Zach Robertson]

Hello - I had a question about FHA loans. I currently own my primary home, bought with conventional financing. I also own a single family investment property, I used a HELOC against my primary residence plus some cash to buy the investment property, also with conventional financing. What I would like to do is buy another home using an FHA loan (because I am lacking cash to put 20% down), and rent out my primary residence, which would cash flow nicely. Can I use an FHA loan if I already have 2 mortgages? I live in Minnesota. Thank you