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Updated over 2 years ago,
Bought a property with FHA loan. Another FHA loan next year?
I bought a duplex for house hacking with FHA loan with 3.5% down this year. What if I want to move to another property next year for house hacking again? Could I use FHA loan again? From my understanding, you cannot have two FHA loan at the same time.
Do I need to refinance the FHA loan with conventional loan first before buying another property with FHA loan next year?