FHA 100 Mile Rule for Rentals and Having 2 FHA Loans at Once
Posted by Dietchi Thomas on
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 rent on the departing residence to qualify. FHA loans offer so many options for 1st time or subsequent buyers such as:
Buyers looking to purchase a new home with an … |
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