FHA loan for second time ?

As far as I know, although FHA loan is primarily intended for the first time home buyers, you can use it to buy your second home.

SC...can you cite your info? I'm curious myself. :)

I'm fairly certain that you can get FHA for the second home, but they will need to know why you're buying the second home, whether you intend to live there, or are buying it as a rental. That kind of thing. If your first house is paid off (and you if you did that in a couple of years, congratulations!) I don't think there are any rules which can keep you from qualifying for FHA. The best bet is to speak with the same mortgage broker who handled the first one. Barring a drastic change to your credit score or other personal information, it shouldn't be a problem.

You can check the site "http://fha.mortgageloanplace.com/ask-expert5.html". But I'm not sure whether the information there is correct there or not.