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Qualifying for two mortgages (one is FHA 203k)? – myFICO. – Qualifying for two mortgages (one is FHA 203k)? What a roller coaster we have been on the past few months! Back in October 2008, we were pre-qualified to purchase a new home and keep our current home as a rental. Then, the market crashed and the requirement to have 30% equity in the rental to.
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