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Updated over 5 years ago,
Question - First FHA in IN, Moved to CA, Second FHA Possible?
Fellow BP Colleagues,
I have owned one SFR in Indianapolis, IN for roughly 6 years. I purchased via FHA but moved to Los Angeles, CA roughly three years later. Since then I have been renting out that property to some great tenants (I know i'm lucky and extremely grateful!). I've been renting apartments and houses in Los Angeles since I moved and am finally close to having enough capital for a downpayment on a home out here. I've received several conflicting answers from lenders regarding the possibility of purchasing a home here in CA using FHA, since I still own the rental in Indiana that was purchased under an FHA mortgage. Anyone out there have some insight into if this is a possibility for me? Or any advice in general?
Thanks in advance!