How often can you get an fha loan?

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FHA loans are a popular option for many homebuyers, especially those with lower credit scores or limited down payment funds. However, there may be questions about how often someone can obtain an FHA loan. In this article, we will explore the frequency at which individuals can apply for and obtain FHA loans, as well as any limitations or requirements that may apply.

FHA Loan Basics

Before delving into the frequency of obtaining FHA loans, it is important to understand the basics of these loans. The Federal Housing Administration (FHA) insures these loans, which are offered by approved lenders. FHA loans are known for their more lenient credit requirements and lower down payment options compared to conventional loans.

Primary Residence Requirement

One of the key factors to consider when determining how often you can get an FHA loan is the primary residence requirement. FHA loans are intended for owner-occupied properties, meaning they are designed for individuals who will live in the home as their primary residence. Therefore, if you already have an FHA loan on your primary residence, you may need to meet certain criteria to obtain another FHA loan.

Multiple FHA Loans

While the primary residence requirement may limit the frequency of obtaining FHA loans, it is possible to have multiple FHA loans under certain circumstances. The FHA allows individuals to have more than one FHA loan if they meet specific criteria. These criteria include:

Relocation: If you need to relocate due to work or other qualifying reasons, you may be eligible for a new FHA loan on your new primary residence while keeping the existing FHA loan on your previous property.

Family Size Increase: If your family has grown and your current home no longer meets your needs, you may be eligible for a new FHA loan to purchase a larger home.

Financial Hardship: In cases of financial hardship, such as a significant decrease in income or unexpected medical expenses, you may be eligible for a new FHA loan to refinance your existing loan or purchase a new home.

It is important to note that these exceptions are subject to approval by the FHA and the lender. Meeting the criteria does not guarantee approval, and each case is evaluated on an individual basis.

Waiting Periods

In some cases, individuals may need to wait for a certain period before applying for a new FHA loan. For example, if you have recently gone through a foreclosure or filed for bankruptcy, there may be waiting periods before you can qualify for another FHA loan. These waiting periods vary depending on the circumstances and can range from one to three years.

It is crucial to consult with an FHA-approved lender to understand the specific waiting period requirements based on your unique situation.


In conclusion, the frequency at which you can obtain an FHA loan depends on various factors, including the primary residence requirement, the need for multiple loans, and any waiting periods due to previous financial difficulties. While FHA loans offer flexibility compared to conventional loans, it is essential to understand and meet the eligibility criteria set by the FHA and approved lenders.