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Updated over 4 years ago on . Most recent reply

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Spencer Davis
  • Investor
  • Kansas City, MO
0
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3
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FHA loan with existing Conventional

Spencer Davis
  • Investor
  • Kansas City, MO
Posted
Hi all, I have a question to bounce off the community. Does anybody have experience getting an FHA loan for 2nd property while having conventional loan in place on 1st property? I would like to rent out my SFH that is conventional while obtaining a multi-plex (up to 4 units) with FHA financing. I have no FHA loan in place on any property.

Most Popular Reply

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47
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36
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Blair F.
  • New Orleans, LA
36
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47
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Blair F.
  • New Orleans, LA
Replied

@spencer Davis Yes this is possible. I bought 2nd property with FHA while having a conventional loan on 1st property. I was able to qualify for both loans at same time so was not a problem.

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