FHA and Conventional

[Dustin Bluthardt]

Hi BP, this is my first post so I'm sorry if this ends up in the wrong section. I am new to the Real Estate Investing field. 35 years old and single from California. I will make another post with a formal introduction in the near future but for now here is my question... I understand that it's possible to sign more than one FHA Loan if you follow the right steps. my question is this... is it possible to go from FHA - Conventional - FHA or once you stray away from am FHA style loan is it not possible to qualify for another? Thanks in advance! Dustin

[Brent Coombs]

@Dustin Bluthardt, FHA loans are NOT just for first home buyers. Your ability to refi out of your first FHA loan so that you can apply for a new one at your NEXT primary will mostly depend on your EQUITY build-up:- by buying at a discount, value-adding while living there, and/or area appreciation. (Following the "right steps" to qualify for TWO FHA Loans at the same time should NOT be necessary, unless your circumstances GENUINELY fall into an allowed category, right?)

It's not easy going from 3.5% equity to more than 20% in a (minimum) year. But so long as you know in advance that THAT'S the criteria, then it should help you in your property search from day one. Welcome to BP. All the best...