Are FHA loans only for first-time buyers?

/ / Published in Q&A - Home Financing Questions

Question:

“Can I get an FHA loan if I’ve owned a home before?”

Answer:

Yes, contrary to what many people believe, you don’t have to be a first-time buyer to get an FHA loan.

I think the confusion is because many first-time buyers do get FHA loans.

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Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

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