fha multiple loans: Can You Get Another FHA Loan If You Already Have One On A Current Home?
- 10/02/08 09:16 AM
Can you get another FHA loan if you already have an FHA loan on your current home and plan on keeping both homes after closing on the new one? Does FHA allow a borrower to have more than one FHA loan? Contrary to popular belief, FHA does allow a borrower to have more than one FHA loan in certain circumstances. These circumstances typically must be backed up with proper documentation, and they are subject to final approval by an FHA underwriter. Here are the situations that are specifically addressed in the FHA handbook: RELOCATION. If a borrower is relocating and re-establishing (0 comments)