2x FHA owner occupied (husband, wife)

[John Kim]

My wife is in a short sale contract for a 3-unit multifamily with an FHA owner occupied loan. We do not know if or when the bank will approve this deal. I am not under this loan.

We need housing soon, since our rental lease ends in 3 months. I want to apply for a single family house under my name. I am thinking about buying it under my name with an FHA loan. Most likely, this single family will close sooner than the 3-unit.

Ideally, I could have 2 owner occupied FHA loans, husband wife with one FHA loan each. However, I'm not sure if FHA guidelines allow this.