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Amy Marx, Home Buyer in Price, UT
Amy Marx asked:
How far is beyond reasonable commuting distance for FHA to approve a second FHA mortgage? Okay so long story short, we bought our first home with FHA and due to certain circumstances, had to move in with my parents. Instead of selling the house, we rented it out. My husband got…
0 votes Share Flag Sat Nov 7, 2009 Home Buying in 84501
Amy Marx, Home Buyer in Price, UT
Amy Marx asked:
How far is "beyond a resonable commuting distance" to be eligible to purchase a second home FHA? We are looking at buying a second home but we currently already own a FHA mortgage. FHA says we are eligible for a second FHA loan if we are relocating for work purposes and it is not within…
0 votes Share Flag Sat Nov 7, 2009 Home Buying in 84501
Amy Marx, Home Buyer in Price, UT
Amy Marx asked:
How far is "beyond a resonable commuting distance" to be eligible to purchase a second home FHA? We are looking at buying a second home but we currently already own a FHA mortgage. FHA says we are eligible for a second FHA loan if we are relocating for work purposes and it is not within…
0 votes Share Flag Sat Nov 7, 2009 Home Buying in 84501
Amy Marx, Home Buyer in Price, UT
Amy Marx answered:
What are the regulations of converting an FHA loan to a conventional loan and then buying a second home FHA?
I also found this on the FHA website. It says "Q. Can only a first time home buyer use the FHA loan program?
A. No. You can use FHA home loans as many times as you desire when bu ... more
0 votes Share Flag Sat Nov 7, 2009 Home Buying in 84501
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