It is possible to get another FHA mortgage in the event that relocating for work, for which you get an extra assets since a first residence and you can secure the old assets also.

Lastly, when you find yourself a non-occupying co-debtor towards the a preexisting FHA loan, one may get other FHA loan getting a property you want to reside.

Should your present house is totally free and you will clear otherwise financed that have a low-FHA financial, you should be ready to go provided the subject possessions will be your first quarters. Read More “How can you calculate brand new yearly MIP towards the an FHA mortgage?”