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Updated over 4 years ago on . Most recent reply

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Christian Angel
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Looking for advice on how to finance to mortgages

Christian Angel
Posted

I currently own a home with my wife in Orlando, Fl. It's our first property financed through FHA under her name. We are looking to upgrade and buy a second home as our primary residence and convert the first home into a rental.
What is the best way to qualify for two mortgages? 
Can I qualify for an fha loan since the first home is only under my wives name?

Can I use the potential rental income form the first home to help with the debt to income ratio?

Thank you in advance.

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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
Replied

@Christian Angel the answer to both your questions maybe yes. You should connect with a mortgage broker and ask them. I know one here in Orlando that would be happy to help.

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