Can you use an FHA loan on your second property?

[Robbie Walton]

Hello everyone, I'm looking to purchase my first property soon and am planning to use a conventional loan because I do not plan to live in this one. However I plan to house hack in future properties I purchase, and would like to use an FHA loan for that. So my question is, is it possible to use an FHA loan on a property that is not your first? And if it is possible, can I use it more than once if I refinance it using some other type of loan later down the road?

[Carlos Valencia]

Hello Robbie, 

Yes you can use FHA as long its your primary address and after 12 months you can refi out and have it available for use again. This is a common strategy many investors use to continue to buy their next property with low down payment.

@Albert Bui @Matthew Kwan