FHA loan - do I qualify?

2 Replies

Hi all,

I've got a question that I can't seem to find the answer to. My husband and I currently own a home, are looking to purchase a multi-unit property (2-3 units) and owner-occupy one unit for > 1 year. We'd love to use a FHA loan, but aren't sure if we'd qualify.

Our current mortgage (conventional) is under my name only, but we are both on the deed and title.

Would he qualify for an FHA loan on a new property (everything solely in his name) since he is not on the mortgage of our current property, or does his name being the deed and title of our current home exclude him from a future FHA loan?

Thanks so much for any light that can be shed on this!

Alyssa

With a FHA loan - all debt ( including a " non borrowing spouss debt) will be factored into the mix ...as long as his income is solid enough - FHA loan should be an option

get the pre approval process started to  know for certain ….

Originally posted by @Dave Skow :

With a FHA loan - all debt ( including a " non borrowing spouss debt) will be factored into the mix ...as long as his income is solid enough - FHA loan should be an option

get the pre approval process started to  know for certain ….

Thank you Dave!