FHA will allow a borrower to have 2 FHA loans when the departing residence becomes an investment property as a result of a person being relocated by their employer, as long as the relocation is more than 100 miles away.

Related Article Title: FHA – Number of FHA loans Allowed Per Borrower- Can a borrower have more than one FHA home loan if their former FHA home is now an investment property? Answer: FHA allows a borrower to have 2 FHA mortgages and for a departure residence to be used as an investment property. However, they […]

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