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Updated almost 7 years ago on . Most recent reply

Jonathan Morning's profile image
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Jonathan Morning
  • from Moline , Illinois
  • Member since Mar 26, 2018
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Jonathan Morning
  • from Moline , Illinois
  • Member since Mar 26, 2018
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Jonathan Morning
  • Moline , Illinois
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Real Estate Deal Analysis & Advice

Need help with getting fha loan with a partner

Jonathan Morning
  • Moline , Illinois
Posted
I have a partner and is willing to go in on a property with me, she has the time in on the job and everything etc.. my question is can we get a FHA loan as a partnership or how does that work , or how could I approach this to make it work with no money down but the job history and above 580 credit?
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Nathan Platter's profile image
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Nathan Platter
  • Real Estate Agent
  • from Minneapolis, MN
  • Member since Aug 9, 2016
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Nathan Platter's profile image
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Nathan Platter
  • Real Estate Agent
  • from Minneapolis, MN
  • Member since Aug 9, 2016
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Nathan Platter
  • Real Estate Agent
  • Minneapolis, MN
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Nathan Platter
  • Real Estate Agent
  • Minneapolis, MN
Replied

@Tim Swierczek is a loan officer and may be able to help.

If memory serves correct, the current requirement is 3.5% down (via FHA loan)

Not sure about partnering on an FHA, at least if you're 2 different households.

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