Once we close on our “old” FHA mortgage can we get a FHA mortgage on our new home?

Posted on Aug 11, 2012 in FHA Information

Question by Angel 1229: Once we close on our “old” FHA mortgage can we get a FHA mortgage on our new home?
We have had a FHA loan for 5-years-never been late. We are in the process of selling this house. Once we close out this FHA mortgage can we get another FHA mortgage on the new home we are going to build?

Best answer:

Answer by Expert Realtor
Yes, see troche you can.

However, abortion if your credit is good…there are better deals out there than FHA.

Just shop some before you do.

Some people believe that FHA is only for first-time buyers. While it’s popular among first timers, it’s not a first-time buyer (only) program.

What do you think? Answer below!

4avg.rating 12 votes.

One Comment

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