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smithsara302 · Joined: 12 Jun 2009 Posts: 116 -2.38 Dollars($)

CAN I CARRY DEBT AND STILL QUALIFY FOR FHA LOANS?

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

That woudl depend on how much debt you have and you will be able make mortgage payment alogn with payment on the old debt

ross090909 · Joined: 04 Sep 2009 Posts: 82 -0.31 Dollars($)

Yes, You can carry debt and still qualify for FHA loans.

If you will not paid off short term debt within 10 months it will not count.There are some regular expenses, like child care costs, are not considered debt.

Talk to your lender or real estate agent about meeting the FHA debt-to-income ratio.

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