Would my fiancee and I be able to purchase a new home without any problems since she would be the primary?

Unfortunately, with her having no income you would be the primary. That is okay as long as you plan on renting out your home or you can prove this will be your new Primary residence. You can contact me directly if you would like to discuss in more detail. 888-320-7888 www.MortgageWholesale.net

HI, As long as you can prove that the home you are purchasing will be your new primary residence and can hold both mortgage payments you should be fine. Please call me if you have further questions and to further discuss your situation and your options. I can be reached at 610-462-9118.

You're better off as a co-borrower and making this new home your primary residence.... the guidelines are different for non occupant co borrowers... and some lenders won't allow anyone but family members... WilliamAcres.com

Purchasing the home together should not be a problem. As long as you have lived in your FHA home for at least 12 months, FHA will have no issue with you converting that home into a rental. Most lenders today look at all borrowers equally, meaning they will underwrite to the lowest borrower. If her scores are higher than yours, they will use your scores. They will likely use the combined income and combined debt load. Unlike FHA where using a non-occupant co-borrower is fairly easy, in the conventional lending world, it is much more difficult. You will need to have sufficient income to meet all of your obligations without including any rent from your existing home. Make sure you are working with a local Mortgage Banker/Broker, rather than one of the big banks. 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. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is 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 ~ www.LoansA2z.com