My husband and I plan on moving soon and I'd like to buy our next house before we sell my current one. I think because our credit is good but not great we will have to go with an FHA loan on the new house, but our current house is also on an FHA loan, will we be allowed to obtain the second one before closing out the current one? Here's some details:
-my husband is not on the current mortgage, just me. -my family size has increased from 1 to 3 but not sure if that qualifies me for the family size exception, since the current house is a 3 bedroom -we are living well below our means so we can afford both mortgages and still be less than 30% DTI -we plan to put the current home on the market within 30 days of closing on the new home -our down payment on the next house is not contingent on selling the current one
Submitted November 21, 2020 at 06:54PM by Alternative_Bit_5433 https://ift.tt/3pRUyjO
