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Updated almost 5 years ago on . Most recent reply

User Stats

201
Posts
37
Votes
Ellie Narie
  • Investor
  • Ashland, OR
37
Votes |
201
Posts

Can I "owner-finance" a property if I have an FHA loan on it?

Ellie Narie
  • Investor
  • Ashland, OR
Posted

Let's say I buy a 2-4 unit property with an fha loan, live in it for a year, and then I sell it with owner financing. Is that allowed? 

And that means that the FHA loan would still be in my name, right? Would my DTI ratio still remain the same? Could I get a second FHA loan if I do this?

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