Can I get a second loan for new house after using FHA

[Savon Eckert]

Will I be able to get a loan from lenders a couple months after purchasing my first investment property using a FHA loan, is so how does that work ?

[Michael Ablan]

@Savon Eckert - It depends. FHA loan is supposed to be used to help primary residence home owners afford the down payment for a home. You'd have to prove to the underwriter that your new home is

1.) More advantageous to your job due to location and proximity

2.) Bigger to fit the growing size demands of your family

3.) Much nicer, better school district, more yard, ect.

You're not allowed to keep rolling FHA loans unless you can prove you have a legit need to buy these houses as owner occupied, not as an investor

Good luck!