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 must meet the guidelines below. Reference:4000.1, II, A, 1, b, iii, (A), (2) (c) Exceptions to the FHA Policy Limiting the Number of Mortgages per Borrower: The table below describes the only [...]