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FHA

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marklavender1 Joined: 13 Sep 2009 Posts: 120 -0.14 Dollars($)	Posted: Mon Sep 28, 2009 12:40 am    Post subject: FHA Like 0 Dislike 0 i am in the process of buying a house. My wife is working and she owns a house and the loan is under her only, I am not on the loan but I am on the title. Will I still qualify for an FHA loan?
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Mon Sep 28, 2009 1:42 am    Post subject: Like 0 Dislike 0 You may qualify for a loan depending upon your credit score and income. However, the new property that you would be purchasing through the loan may not be considered as your principle residence. _________________ Good is the Enemy of Great.
greggwyburn Joined: 13 Sep 2009 Posts: 60 0.00 Dollars($)	Posted: Mon Sep 28, 2009 1:54 am    Post subject: Like 0 Dislike 0 you need to show your new home as your principal home. you show your current home as investment property. House financed by FHA has to be the primary. it can not be shown as investment property

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