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Can I Get 2 fha home loans?

Are there any circumstances in which I will be allowed to have two FHA home loans? Miami,FL | Oct 1st 2010
by Jillian...
Answer


by JennatA...

If you have to move for work you can have two FHA home loans. The current home would need to be out of state and the reason for moving would have to be unavoidable. Please let me know if you have anymore questions. juranga@cnnmortgage.com 480-751-3723

Oct 1st 2010
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by INFO@CF...

cantact me at info@cfcmortgageonline.comwe do fha loans in NJ

Oct 1st 2010
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by toddt@m...

Yes. Employment transfer.

Oct 2nd 2010
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by lmckenzie

Jililan,You can if you meet either one of these exceptions:You have a loan-to-value ratio of 75 percent or less, as determined by either a current (no more than six months old) residential appraisal or by comparing the unpaid principal balance to the original sales price of the property.You are relocating with a new employer, or being transferred by your current employer to an area not within reasonable and locally recognized commuting distance. A properly executed lease agreement of at least one year's duration after the loan is closed is required. You will also have to provide proof of the security deposit and/or evidence the first month's rent was paid to you.Hope this helps.

Oct 2nd 2010
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