Fha and conventional loans

[Samuel Girouard]

So my fiance and i are looking to buy another property before we officially tie the not. I have used my FHA loan and currently have a 3 family. We are thinking of using hers on another. Before we do so i was kind of curious we know we have to move into said new property for a year and would have to do the same with a conventional owner occupied loan. My question is if we went the conventional rute after a year would we be able to then use an fha after that year ?

[Brittany Minocchi]

You aren't limited to a certain number of times to use an FHA loan, you just can't have more than one at a time (in most instances). So, if you get a conventional loan and decide to buy another primary residence after a year, you should be able to get an FHA loan.