Can you do a rate and term FHA on an Investment Property?

FHA loans are designed only for homeowners who are going to live in the property - so you cannot use an FHA-backed loan to buy or refinance an investment property. However - if you should make an investment purchase in the future...you can take advantage of the exception to the rule that allows the FHA-financed home to have up to four separate units. In other words - if you plan to live in one of the units, you could buy a duplex, triplex, or four-plex.

Kevin,You can indeed do a rate and term refinance on FHA investment property. It is not allowed by all investors, but a couple do offer it. I have done several of these loans.Let me know if I can answer any addtional questions.Clyde PentonNMLS# 979755404.604.7013CBC National Bank

YES. Would be happy to help you with this. Local lender located in Roswell. Buckhead Home Loans. Briggs Cline. 404-303-7411

To clarify my statement, you must already have an FHA loan on the property.

Yes, if it is a current FHA loan.

Only if it currently has an FHA loan on it now.. If not, then no.. FHA is only intended for "Owner Occupied" properties, but there is an exception when you convert your home to a rental, and wish to refinance.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Yes as long as you have a current FHA loan on the property.

Only if the current mortgage is a FHA loan, but then it is possible.