The FHA mortgage programs are intended to promote home ownership for owner-occupants. Department of Housing and Urban Development (HUD) prohibits using FHA financing to purchase investment property homes. There is a limited set of circumstances where a homeowner with an FHA mortgage is allowed to have a second FHA insured home loan.
Click the link to read the exceptions.
Read more: Can I Have 2 FHA Loans at the Same Time? | eHow.com http://www.ehow.com/info_7742222_can-fha-loans-same-time.html#ixzz2Aydyfjg0
There may be other types of loans that fit your needs.
You can contact your lender to see your loan options, or contact me and I can put you in touch with lenders who do a variety of loans that may fit your needs.
Looking forward to hearing from you.
Wendy E. Knorr
REALTORÂ®, CRS, GRI, SRES, ABR, SFR, AHWD
President PA CRS Chapter
President Schuylkill County Board of REALTORSÂ®
REALTY WORLD - We Get Results
107 W. Centre Street, Ashland, PA 17921
1671 Long Run Rd., Schuylkill Haven, PA 17972
Fax Toll-Free: 1-866-517-8996