Updated over 7 years ago on . Most recent reply
Qualifying for 2 FHA loans
Looking for some advice,
My boyfriend and I are trying to buy another home using an FHA loan. We bought a home with a FHA loan almost 2 years ago. We are not married but we own the home jointly. We would like to buy another home to live in and fix up without it being contingent on the sale of our current home (even though we still plan to sell it). So we are looking to be qualified for another FHA loan while still having the current FHA loan. I have read there are a few exceptions for a 2nd FHA loan and one could be, because we own the house jointly. We reached out to a broker and she gave us a straight NO without really listening to us. Any advice is helpful on the situation.