FHA mortgage and Marriage

[Davin Manfredi]

Hello everyone,

I currently own a house hack with an FHA mortgage and I am the sole owner of that property. I am going to be getting married in a year, and I was wondering can my spouse get an FHA loan after we are married even though I have one, but am the sole owner?

[John Burke]

Quote from @Davin Manfredi:

Hello everyone,

I currently own a house hack with an FHA mortgage and I am the sole owner of that property. I am going to be getting married in a year, and I was wondering can my spouse get an FHA loan after we are married even though I have one, but am the sole owner?

Hi Davin, It mainly depends on whether or not you plan on being on the new FHA loan with your spouse. If not & your spouse will be the only party on the loan, no problem. If you need to be on the loan as well & you plan on keeping your current home, you run into the FHA guidelines regarding having more than one FHA -insured mortgage at a time. There are only a few exceptions that allows someone to have more than 1 FHA loan at a time.

Relocation: If a borrower is relocating to a different area not within reasonable commuting distance of their current residence, they may be eligible for another FHA loan to purchase a new primary residence. This is common when a borrower moves for work reasons​.

Increase in Family Size: If the borrower's current residence becomes inadequate due to an increase in family size, they may qualify for a second FHA loan. In such cases, the borrower must provide evidence of the increased family size, such as birth certificates or adoption papers, and demonstrate that the current home does not meet their needs​.

Vacating a Jointly-Owned Property: If a borrower is vacating a residence that will remain occupied by a co-borrower, such as in cases of divorce, they may be eligible for another FHA loan. Documentation must be provided to prove the change in occupancy status​.

Non-Occupant Co-Borrowers: A borrower who is a non-occupant co-borrower on another FHA loan may still be eligible for an FHA loan on a property they intend to occupy as their primary residence​.

If you want to rent out your current home and you need the rent to offset your current mortgage payment to qualify for the new loan, you run into another set of FHA rules. 
In order to count rental income from the departing residence to qualify for the new FHA mortgage, the new home has to be 100+ miles away and you must have 25% in the departing home.