Do you have to be a first time home buyer to get an FHA loan?
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Works at the World Health Organization, Lives in Geneva, Switzerland.
With the FHA, that's possible, but with other lenders, it may not be. That 3.5% down payment, by the way, is available to all FHA borrowers, not just first-time homebuyers. The only catch for experienced homebuyers: you can only have one outstanding mortgage with the FHA at any given time.Sep 1, 2014
2023-06-13 18:14:35
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Benjamin Allen
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With the FHA, that's possible, but with other lenders, it may not be. That 3.5% down payment, by the way, is available to all FHA borrowers, not just first-time homebuyers. The only catch for experienced homebuyers: you can only have one outstanding mortgage with the FHA at any given time.Sep 1, 2014