Newbie question on FHA loan

[Felix Caba]

I there an issue getting an FHA loan on a property if I currently have other properties on conventional loans?

[Brandon Rush]

Hey Felix,

No this is possible, but the bank will take the other properties into consideration in determining what property you qualify for an FHA loan on. Here is an example, you purchased a 4 plex via a conventional loan but then the 4 plex next door comes on the market and you want to use an FHA loan on that one. The bank is going to be very skeptical on purchasing a property next to one you already own. They are going to make you write a letter stating why you are doing it.

But again, the short answer is yes, you can take out a FHA loan while having outstanding conventional loans.

Good Luck!