I need HELP! Im selling my FHA home in Louisiana, and ready to move into a new home in florida, how do i do this or can i?

If you are reverse mortgage eligible, do a purchase for the FL home when the home in LA sells.

When you sell your LA home, it will clear your FHA file, unless it is a foreclosure or short sale. You will then be able to get a new FHA loan in FL.

you'll have to close on the LA home prior to getting your FL home if you want to use FHA...since you cannot have 2 FHA loans at one time.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

you'll have to close on the LA home prior to getting your FL home if you want to use FHA...since you cannot have 2 FHA loans at one time.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Your options can include buying a new home while waiting for your current home to close escrow, or, you may have to wait until the current home actually closes escrow. It really depends based on your circumstances. To know what your options are, you should work with a local Mortgage Banker/Broker rather than one of the big banks or big national mortgage factories for several reasons. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of MANY lenders, not just those of ONE bank, and can properly guide you. But more importantly, we are trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Your options can include buying a new home while waiting for your current home to close escrow, or, you may have to wait until the current home actually closes escrow. It really depends based on your circumstances. To know what your options are, you should work with a local Mortgage Banker/Broker rather than one of the big banks or big national mortgage factories for several reasons. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of MANY lenders, not just those of ONE bank, and can properly guide you. But more importantly, we are trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Your options can include buying a new home while waiting for your current home to close escrow, or, you may have to wait until the current home actually closes escrow. It really depends based on your circumstances. To know what your options are, you should work with a local Mortgage Banker/Broker rather than one of the big banks or big national mortgage factories for several reasons. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of MANY lenders, not just those of ONE bank, and can properly guide you. But more importantly, we are trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Most people can not afford to buy before you sell because they can not (on paper) afford two home, and usually the down payment for the new home is coming from the sell of the old home... If you can do that, great. If you can't, you need to close (sell) on the Louisiana home before you can close (buy) on the Florida home. Talk to a local Florida mortgage broker for more assistance.

You CAN have a 2nd FHA mortgage if you are relocating to FL for a job, and if you are able to qualify for the new mortgage as well as your other debts. In some cases a portion of rental income from your current home (financed with a FHA mortgage) can be counted as income.