Having More Than One Arizona FHA Loan

While Arizona FHA Mortgage guidelines make it so that an individual can typically only have one FHA loan under their name, there are exceptions within the FHA rule book that allow one person to have multiple FHA loans at the same time! Here are the specific loop holes or situations under which FHA will allow a borrower to have more than 1 FHA loan at a time under their name (check it out - you may meet one of these and not even know it - call me your Arizona FHA Mortgage Lender if you … [Read more...]

Having More Than One FHA Loan

Typically FHA allows 1 FHA loan at a time.  However that rule is not the end all be all.   In fact, FHA allows borrowers more than 1 FHA loan in certain cases. More Than 1 FHA Loan Allowed While FHA rules state a borrower may have just 1 FHA loan at a time, there are 4 scenarios under which FHA will grant an exception to that rule allowing multiple FHA loans.  The 4 exceptional scenarios are: Re-locations - Borrowers relocating to an area not within reasonable commuting distance from … [Read more...]