Tip:Technically, you may only hold one FHA loan at any given time. The FHA limits the number of FHA loans borrowers may possess to reduce the chances of default. And simply because the program isn’t geared toward investors. For example, they don’t want one individual to purchase multiple...
FHA has "floor" loan limits for low-cost areas of the country and "ceilings" for high-cost areas. The minimum FHA loan limits, or floors, represent 65 percent of the national conforming loan limit of $417,000. FHA ceilings are capped at 175 percent of the conforming loan limit. In low...