Do not buy a 2nd home until you know this secret

Описание: You can use an FHAlloan multiple times throughout your life, but you can typically only have one FHA loan at a time. To get a second FHA loan while keeping your existing one, you must meet specific criteria, such as a qualifying job relocation, a divorce requiring a move, an increase in family size, or acting as a co-signer for another FHA loan. Otherwise, you will need to sell your current home or pay off your existing FHA loan before getting another one.
When You Can Have More Than One FHA Loan you may be able to get a second FHA loan E without selling or paying off your current one if you meet certain conditions:
1️⃣Job Relocation: You qualify for a new FHA loan if a new job requires you to move at least 100 miles from your current home or out of state.
2️⃣Divorce: i outal divorcing and heed to move out of a jointly owned home, you may be eligible for a new FHA loan in your name.
3️⃣Increased Family Size: You can qualify for another FHA loan if your family has grown and your current home is no longer sufficient, provided you can show evidence and your current loan-to-value (LTV) ratio is 75% or less.
4️⃣Co-signing: You can be a co-signer on a new
FHA loan for a family member and still apply for your own primary residence FHA loan.
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