I owned 2 homes previously and sold them (about 10 years ago) and am now married and looking to purchase a new home.

My husband has never owned a house. Can we still qualify for a FHA loan?
(2) | asked by: Angela Lopez | share | 23 months ago | Report
2500 characters left
Answer Tips: Share your knowledge. Be on-topic . Refrain from self-promotion.
* Refer to our community guidelines.

Answers

Viewing Answers 1 - 14 of 14
answer by Rodolfo De Hoyos    |   Visit My Website   |   Contact Me
You can buy a home with no credit or qualifying. Lease option to buy. 7% down and your in. contact me for more information.
0
0
Answer Helpful?
4 months ago  |   Report   |   share
answer by Sheryl Arndt    |   Visit My Website   |   Contact Me
Hello Angela, sure but FHA high balance loan limits in San Jose only go up to $636,150 loan amount if that will work from a minimum 580 fico with 3.5% down. We do offer the CHDAP down payment and closing cost assistance program up to 600k sales price if it is a consideration. You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 3 million. You will need 20% down to purchase over 3 million. Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only 24+ Years Experience BRE# 01140252 NMLS# 297251
0
0
Answer Helpful?
4 months ago  |   Report   |   share
answer by Tejinder Singh TJ    |   Contact Me
You may also qualify for the many downpayment assistance programs out there. Call me and I can direct you to a lender who is certified on these programs.
0
0
Answer Helpful?
10 months ago  |   Report   |   share
answer by Terri Vellios    |   Contact Me
As long as your, property, credit and income meet the FHA lending standards you should be ok. Your best resource will be to call and meet with a lender. Have An Amazing Day.
0
0
Answer Helpful?
10 months ago  |   Report   |   share
answer by Carlos Hernandez    |   Contact Me
Feel free to contact me directly for more Information on your loan options.
0
0
Answer Helpful?
10 months ago  |   Report   |   share
answer by Alex Montelongo    |   Visit My Website   |   Contact Me
Yes as long as both of you meet the credit, income criteria and the property is intended to be your primary residence.
0
0
Answer Helpful?
10 months ago  |   Report   |   share
answer by Natalie Sjaardema    |   Visit My Website   |   Contact Me
I would imagine so as the FHA qualifiers dont require previous home ownership.
0
0
Answer Helpful?
22 months ago  |   Report   |   share
answer by Robin Ricker    |   Contact Me
Yes, you need to talk to a reputable mortgage loan officer and get pre-qualified. Sometimes it is best to start at where you bank, they already know you. There are many types of loans now, if you are in a rural area you may want to consider a USDA loan. Or go conventional so that you can avoid PMI insurance. Get pre-qualified first! Good Luck.
0
0
Answer Helpful?
22 months ago  |   Report   |   share
answer by Rick Ulmer    |   Contact Me
yes- - but why would you want a FHA loan specifically? you really need to talk to a loan officer-- maybe you don't want to carry mortgage insurance-- just a suggestion-
0
0
Answer Helpful?
23 months ago  |   Report   |   share
answer by Rick Ulmer    |   Contact Me
yes- - but why would you want a FHA loan specifically? you really need to talk to a loan officer-- maybe you don't want to carry mortgage insurance-- just a suggestion-
0
0
Answer Helpful?
23 months ago  |   Report   |   share
answer by Carlos Hernandez    |   Contact Me
Feel free to contact me directly for more Information.
0
0
Answer Helpful?
23 months ago  |   Report   |   share
answer by Eric O. Nelson, III    |   Visit My Website   |   Contact Me
If the mortgages from your past ownership do not reflect on the credit report, then yes. You will qualify for FHA once again. Have you seen your credit report recently and can you confirm this? Thanks - Eric Nelson, III
0
0
Answer Helpful?
23 months ago  |   Report   |   share
answer by Michael Cheng    |   Contact Me
Sure, FHA loans are designed for anyone who is financially qualified. There are no restrictions on first-time home buyers. However, FHA loan terms and rates are much more restrictive and expensive compared to a more conventional 5%/10%/20% down payment loan.
0
0
Answer Helpful?
23 months ago  |   Report   |   share
answer by Terri Vellios    |   Contact Me
Talk with you lender. Qualifying is based on your income and credit.
0
0
Answer Helpful?
23 months ago  |   Report   |   share
Please read Homes.com's Questions & Answers Community Guidelines.