So about a month ago a buyer had his offer accepted on a listing of mine and is closing on an FHA loan. About a week ago this same buyer made another offer on a property of mine and his offer was accepted. Just to find out through a different lender, he has started the loan process and it's an FHA.
Aren't you only allowed one FHA loan. The houses are less than five miles apart from each other. I don't see what kind of exception he may get in order to allow for two fha loans.
Edit: And it's through a different bank so I'm thinking they are not aware on his previous property he is about to close on.
Edited by Cool guy (11/07/11 05:42 PM)