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Is a “first-time homebuyer” the only person allowed to get an FHA-insured loan?

April 26, 2017allowed fha-insured first-time homebuyer loan person

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Is a “first-time homebuyer” the only person allowed to get an FHA-insured loan?

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Absolutely not! FHA loans can be used by any person in any circumstances provided that they dont already have another FHA loan. You can finance a second home or rental property using an FHA loan while you have a traditional mortgage on your current residence.