Tag: more than one FHA loan

FHA – Multiple FHA Properties: When is it acceptable to have more than one FHA mortgage? [NEW Mortgage Talking Points MTP™- When Can a Client Have More than One FHA Loan?]

Answer: Listed below are the only circumstances in which a Borrower with an existing FHA-insured Mortgage for a Principal Residence may obtain an additional FHA-insured Mortgage on a new Principal Residence. Reference:  4000.1 II.A.1.b.iii.(A) RELOCATION – A Borrower may be eligible to obtain another FHA-insured Mortgage without being required to sell an existing Property covered […]

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