How long to wait after selling my home, can I apply for FHA?

[Kurt Traynor]

Good Afternoon.. I've been reading up a lot about FHA loans and have come close to answering this question.

How long do I have to wait to get accepted for an FHA loan after I have sold my primary home. I had a conventional loan previously and sold that home in October of 2016. I've seen many different answers to my question and before I start calling brokers can someone give me a clear answer?

My credit is 860 and my DTI is minimal and I've been renting for about 4 months and want to get into another home but don't have the down payment currently for a conventional.

Can I qualify for FHA now?

Thanks in advance,

[Jeff Dulla]

@Kurt Traynor I have never heard anything like that. Is the sale of your current home a short sale or any type of derogatory credit item? That is the only time I have ever heard of a required waiting period. Even if you had an FHA loan originally (which it sounds like you don't), you could another FHA loan assuming you could show the old loan was paid off at closing (and there are other legitimate reasons you could have two FHA loans at the same time).

Nothing from your explanation above makes me think you have to wait.