FHA loans are for owner-occupied properties. Since it’s impossible to live in two places at once, you probably assume you can’t have more than one FHA mortgage at a time. Technically, you are right, but there are some exceptions to the rule. Compare Offers from Several Mortgage Lenders. HUD grants exceptions to borrowers that are in one of the following situations: You and your family have outgrown your existing home Your job relocated you and it’s not within a reasonable distance … [Read more...]