Hello I have purchased a home in 2015. Do I qualify for a FHA home loan if I had a conventional loan? I am a first time home buyer
Aundrea Beach-Greco (aundreabeachgreco)
#6 ranked lender in Nevada - 36 contributions
Why would you want to switch to an FHA loan, help me understand.
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions
The quick answer is yes. An FHA loan is NOT a first time home buyer loan, but is commonly used by first time home buyers because of small down payments, lower credit score and higher debt to income allowances. I lend in MN, WI, IA, SD, and ND. Find me at FirstTimeHomeBuyer-MN.com. NMLS274132
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