Can you have an fha rental and an fha primary?

The only way to have two FHA loans at the same time is if when you purchased your first property you used a FHA loan then moved out of state and used a FHA loan to purchase your new primary residence. You would then be able to rent the first property without having to do anything to the loan.

You can only have an FHA loan as a primary home. If you buy a new home and rent out the departing residence after at least one year technically you would have an FHA rental. However you can only have one FHA loan at a time so to answer your quesion no.You can only have two FHA loans at once under very specific circumstances. Give me a call or email if you're looking for help with a mortgage.

Not unless you were relocated for work and then rented out the original.

Yes you can. If you have an FHA mortgage that is already converted to a rental and you can prove it based on inclusion on your Federal Tax Returns (Schedule E) and your FHA loan is no more than 75% of it's current value, you would qualify. There are also other qualifying events such as family has grown and your current FHA financed home is too small (really too small) or you have been relocated due to employment or you are on the loan that an ex-spouse has possession of. You may still need to include the other payment into your debt calculation depending on the circumstances. You really need to talk to a local lender to work this through for your specific situation. I would STRONGLY suggest upon making the call to shop for a lender you ask this question straight away. If they don't know, or have to check - go to the next person on your list. You want a lender who has done this before, because it is COMPLICATED.