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Updated almost 4 years ago on . Most recent reply

Amber Forkey's profile image
Amber Forkey's profile image
Amber Forkey
Pro Member
  • Real Estate Broker
  • from Watertown, NY
  • Member since Mar 2, 2021
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Amber Forkey's profile image
Amber Forkey's profile image
Amber Forkey
Pro Member
  • Real Estate Broker
  • from Watertown, NY
  • Member since Mar 2, 2021
Connect
Amber Forkey
Pro Member
  • Real Estate Broker
  • Watertown, NY
58
Votes |
121
Posts
Private Lending & Conventional Mortgage Advice

More Than One FHA Loan Within 100 Miles

Amber Forkey
Pro Member
  • Real Estate Broker
  • Watertown, NY
Posted

After speaking with a lender about FHA loans I am a bit confused. It was explained to me that you cannot have more than 1 FHA loan within 100 miles of each other. The goal was to finance a 3 unit property through an FHA loan, live in it for the necessary amount of time then repeat the process with another property.

Of course if this is a restriction that does indeed exist, that would change plans a bit. Can anyone shed any light on this?

  • Amber Forkey
  • [email protected]
  • (315) 608-1879
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