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 only allows a borrower to have 1 FHA loan. However that is just a "rule" and if you a rebel like me you know that rules are meant to be broken! Okay, maybe just bent a little. FHA does allow a borrower to have more than 1 FHA loan in certain cases. When Can You Have More Than 1 FHA Loan? 1. Re-locations - Borrowers relocating to another area that is not within a reasonable commuting distance from their current principal residence (the home with the FHA loan on it).  This … [Read more...]