Monique Hall, Both Buyer and Seller in Milwaukee County, WI

Exceptions to FHA loans. Can you have two FHA loans?

Asked by Monique Hall, Milwaukee County, WI Sat Apr 7, 2012

We may meet two of the criteria. We meet the growing family criteria as well as moving for employment. We (husband and wife) have two children opposite sex with a two bedroom fha financed home. Additionally, We currently live in Milwaukee, my husband works in Menomonee Falls, I work in Milwaukee. We would like to move as close to the Falls without actually leaving Milwaukee, as I am a teacher under a residency clause. My question is how strict are lenders about having the 25% equity? My concern is that we have lost equity due to housing slump. How strict are lenders with the mileage of employment? Would we have to be moving outside of Milwaukee to qualify?

Help the community by answering this question:

Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer