Found 1 blog entry tagged as military orders change of duty station.

 FHA 100 Mile Rule

 To have multiple FHA loans or use rental income on a departing residence, the FHA 100 mile rule must be followed

Often buyers are relocating to a new area and 1) need a 2nd FHA loan for one of many reasons and/or 2) need to count the FHA 100 mile rule for 2 fha loans at once or counting rental incomerent on the departing residence to qualify.  FHA loans offer so many options for 1st time or subsequent buyers such as:

  1. Low down payment
  2. Allows for down payment assistance
  3. Lenient on lower credit scores or past issues
  4. Forgiving on previous bankruptcies, foreclosures, & short sales
  5. Student loans with Income Based Repayment
  6. Higher debt ratios
  7. Co-signors that will not occupy the home
  8. Gifted funds for down payment

Buyers looking to purchase a new home with an 

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