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Second House?

Can you get a FHA loan on a second house? Meaning what kind of programs can you apply for when buying a second home?

Answer Question
 
mamaofficer

Asked by mamaofficer at 6:22 AM on May. 10, 2012 in Home & Garden

Level 31 (50,120 Credits)
Answers (4)
  • HA policies require that you live in the home that you finance with the FHA loan. According to the FHA website, after you have reached 75 percent equity in the original FHA loan, you may be eligible to apply for a second mortgage loan. In 2010, FHA introduced new rules that may make it more difficult for some borrowers to obtain a mortgage, but despite the more stringent rules, FHA mortgages are still more accessible than conventional mortgages for some Read more: Can You Get an FHA Loan on a Second House? | eHow.com http://www.ehow.com/info_8021814_can-fha-loan-second-house.html#ixzz1uT7GUTa7


     

    meooma

    Answer by meooma at 8:18 AM on May. 10, 2012

  • bump
    momof4boyz1girl

    Answer by momof4boyz1girl at 7:28 PM on May. 10, 2012

  • bump
    GlitteribonMom

    Answer by GlitteribonMom at 8:02 PM on May. 14, 2012

  • talk to a loan officer or your current mortgage holder
    booklover545

    Answer by booklover545 at 3:17 PM on May. 30, 2012

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