I am married, however only my husbands name is on the house loan and titile. Would I be able to purchase a second home using an FHA loan by myself? I have owned a home before but it was several years ago. Also, I realize an FHA loan is for your primary residence. I would like to live in it! by tamisinc from Oakdale, California. Jan 25th 2011
The easy answer is no, it will not work. FHA specifically looks at the spouses debts and counts them against you. This does not happen on a conventional loan. For an FHA loan, you need to provide your spouses credit report and when we see the other FHA loan we would be done.
There are few instances where you can obtain an FHA loan; - Job Relocation (needs to be significantly far from your current home) - Divorce/Separation where spouse was awarded the current home. - Current Home is not an FHA mortgaged loan. Please do email me more details as there could be a way somewhere in there. info@wjbonline.com
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