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...]