FHA LOANS, HOW MANY CAN YOU HAVE?

[Maria Luna]

Hello everyone!! I’m looking for some information and hoping you guys can help me. How many FHA loans can you have at one time? I currently have an FHA loan on my home I live in, I bought it two years ago. I’m trying to buy a multi family, 4 units. Can I get another FHA loan if I use one unit as my primary residence?

[Aaron L.]

I believe FHA has MIP (mortgage insurance premium) which is for the life of the loan. If you refi to conventional, you have PMI which you can request to be removed once LTV in your property falls to 80%. It will automatically be terminated once LTV reaches 78%

https://www.consumerfinance.gov/ask-cfpb/when-can-...