Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
Currently have owner occupied laon
Ive heard so many different things from so many different lenders and would love some clarity on my situation. So I bought a duplex two years ago with FHA owner occupied loan. I just refinanced out to a conventional owner occupied loan and with my renovations was able to get the 20% equity in the property...so Im not using FHA loan anymore. I still live in that duplex. Can I use the FHA loan again to finance another multifamily that I would occupy? I know to use FHA again I have to wait atleast a year and have to occupy the property. Their shouldn't be any issues because I plan on moving into another duplex? And I only will have one FHA loan in my name. I was told it had to be single family and heard from others its a one and done... now I feel like im spinning in circles with all types of info. Please help