Can I get an FHA loan if I already have a conventional?

[Lance Nelson]

I have two properties in the Portland, Oregon area that are both financed with conventional loans. I'd like to keep them and buy another 2-4 unit multi-family with an FHA loan. It was my understanding that I could do that as long as I didn't have more than one FHA at a time. Recently a lender in the area told me I can't get an FHA if I have current conventional loans on other properties. Is that true?