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Updated over 4 years ago,

User Stats

35
Posts
9
Votes
Edward Eloma
  • Rental Property Investor
  • New Bedford, MA
9
Votes |
35
Posts

USING FHA AGAIN? HAVING 2 FHA LOANS?

Edward Eloma
  • Rental Property Investor
  • New Bedford, MA
Posted

Hi I purchased my first 3 family 3 years ago with a FHA 10 percent down owner occupied. Has anyone attempted to try and buy a 2nd owner occupied 3 family moving from your 1st to your second with a FHA Financing for your second 3 family or investment property?? and used a FHA loan again with a small down payment since you were moving to a new owner occupied. Or did you have to do a conventional 20 percent down and be owner occupied for the 2nd owner occupied? Or did you just have to do a 25 percent down Investment loan conventional?? I'm wondering if anyone has used a FHA loan twice for multi family's only.

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