In order to qualify for a new FHA loan, you will have to qualify for the mortgage on your existing home and the new home. Only 2 exceptions: Employment transfer (has to be new city and not Mesa to Chandler) or prove you have 25% equity in your existing home.
Call The Cameron Team for Underwriting Requirements ~ 480-502-7699!
Wednesday, September 24, 2008
Converting Existing Homes to Rentals and Buying Another Home:
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