All Forum Posts by: Dan Foster

Hello,

I've been lucky enough to have already purchased my first 3 unit home using FHA. I chose to live in it and rent out the other rooms in my apartment as well as rent out the other 2 units. I've never been late on a payment yet so I'm in a good position.

I now want to go ahead and do the same thing all over again. The problem is, I remember getting the mortgage the first time and them saying I had to stay and live in the first home for a few years. Is there a general rule for FHA loans on when I can or cannot move out and get a second FHA loan and move into the next house?

Is this a question best asked to my lender at this point in the process and they can tell me the terms and conditions?

Thank you!