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Updated about 3 years ago,
Secondary Loan FHA Question!
Hi guys,
This is my first post on bigger pockets and I’m very new to the group! My question is:
- Bought my first 2 family which is a 2 bed, 2 bath residence last year. My first mortgage was a 15% down conventional loan.
- I'm looking to buy a second 2 family home and I'm wondering if I would be able to obtain it using a FHA loan?? I would occupy the second house but I'm not sure if it's possible because I already work close to my first home and have no change in family size. Can someone please let me know if it's possible to purchase a second multi family with fha when the first house is conventional? I've spoken with a few lenders and have had different opinions.
Thanks,
Rob Stuart