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Tagged with: fha
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Brian G
15 days ago
I owner occupy a Duplex that I purchased using my VA Loan. I'd like to now use an FHA Loan to buy a Triplex. Based on what I am charging my tenant I am extremely confident that I will be able to get that same amount as rent from another tenant when I move out of that unit. Problem is a "well meaning friend" has told me that I can't count the potential rental income of that unit unless I purchase a triplex that's at least 100 miles away!

I can see if i already had an FHA Loan and I was trying to get another FHA loan on top of that where this restriction would come in, but I don't have an FHA Loan?

Can anyone verify this, perhaps with a link?
I owner occupy a Duplex that I purchased using my VA Loan. I'd like to now use an FHA Loan to buy a Triplex. Based on what I am charging my tenant I am extremely confident that I will be able to get that same amount as rent from another tenant... (more)
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A Curious User
22 days ago
Can the appraisal fee for my FHA purchase count towards part of the 3.5% required down payment?
Can the appraisal fee for my FHA purchase count towards part of the 3.5% required down payment?
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jezter10000 .
2 months ago
I just got my house with an FHA Loan and would like to run my Massage Therapy business from my house which is permissible by the city I live in but is this allowed by FHA rules?
I just got my house with an FHA Loan and would like to run my Massage Therapy business from my house which is permissible by the city I live in but is this allowed by FHA rules?
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111
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A Curious User
3 months ago
I am still on a mortgage with my ex-spouse, who has resided in the house that we share a mortgage on, and has paid for it solely and on time for the past 6 years. That house and mortgage are also deeded to my ex-spouse in a quitclaim deed in our divorce. With appropriate documentation, can the monthly payment of that mortgage be withheld from my DTI when I apply for an FHA loan for a house of my own?
I am still on a mortgage with my ex-spouse, who has resided in the house that we share a mortgage on, and has paid for it solely and on time for the past 6 years. That house and mortgage are also deeded to my ex-spouse in a quitclaim deed in our... (more)
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I have a lot of student loans but they are in deferment. Do they count against my debt to income? Also is the Nelnet summary/mortgage verification form enough documentation?
I have a lot of student loans but they are in deferment. Do they count against my debt to income? Also is the Nelnet summary/mortgage verification form enough documentation?
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236
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A Curious User
5 months ago
Can I apply for an FHA streamline loan to lower my interest rate and add my brother to the deed? I do not live in the house but he does. I know the streamline refinance is only if it is your principle residence, but if I am allowed to refinance and add him it will be considered his principle residence.
Can I apply for an FHA streamline loan to lower my interest rate and add my brother to the deed? I do not live in the house but he does. I know the streamline refinance is only if it is your principle residence, but if I am allowed to refinance and... (more)
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Gerri Reeves
5 months ago
We are selling our current home that is an FHA and approved for another FHA on the home we are purchasing. We want to simultaneously close these homes, can we do that? Close Current home in the morning and new purchase in the afternoon...in the same day?
We are selling our current home that is an FHA and approved for another FHA on the home we are purchasing. We want to simultaneously close these homes, can we do that? Close Current home in the morning and new purchase in the afternoon...in the same... (more)
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A Curious User
5 months ago
Ive been in a purchase agreement for 2 years and closed today. I found out yesterday that I got a promotion out of state. I know i can have 2 FHA loans because of my job relocating me but how does this affect the selling of the house? Does the mandatory job relocation change the selling process?
Ive been in a purchase agreement for 2 years and closed today. I found out yesterday that I got a promotion out of state. I know i can have 2 FHA loans because of my job relocating me but how does this affect the selling of the house? Does the... (more)
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A Curious User
5 months ago
i own the house without mortgage. is there a fha loan for cash out? i do not want reverse mortgage .
i own the house without mortgage. is there a fha loan for cash out? i do not want reverse mortgage .
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bruce morris
6 months ago
I gave my house back to the bank with a deed in lieu of foreclosure. the bank transferred title in 2011 the first time I paid them money to get it back. The bank never applied my payment to the principle , then came after me again in 2013. I was never released from foreclosure (jail) my attorney recommended I give up the house. I had lived in it for a year while I was in a chapter 13 then abandoned the ch 13 and filed a chapter 7 after I gave up the house. I was discharged from he chapter 7 in April 2015.
I gave my house back to the bank with a deed in lieu of foreclosure. the bank transferred title in 2011 the first time I paid them money to get it back. The bank never applied my payment to the principle , then came after me again in 2013. I was... (more)
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