Married, 2 FHA loans possible???

[Wade Stahle]

Hi BP,

My wife and co-purchased our first home on an FHA loan a little over 2 years ago. My question is, is there anyway that we can refinance, or put the house in one of our names to somehow be able to acquire TWO FHA loans? I will do anything, legally of course.

[Account Closed]

If you refinance into a conventional mortgage, then you'll no longer have an FHA loan. At that point, you could qualify for an FHA loan again as an owner-occupant. Sure, you could each get FHA loans as long as you can prove that you live apart (1 of you living in a unit at each property) which next to no one would believe & is borderline mortgage fraud.

Don't worry, there are many other ways to find deals. Always be up-front with lenders.