Federal Housing Administration (FHA) loans have very specific rules and regulations. Are mortgage lenders eligible to originate loans if they also have a real estate license, like from a previous career? We talked to a spokesman from the FHA and did a little digging in the FHA handbook to try to find the answer.
It boils down to the FHA wanting to prevent lenders from getting double commission from both the loan and the real estate sale. Check out the full story on FHA lender eligibilty.
Please leave comments here or at the story if you’ve had experience with FHA loans.