Can I get an FHA Loan even if I've already bought a house?

Hi Dennis, You did not lose out. You can get an FHA a loan. As long as your income qualifies for this purchase it sounds like you are good to go. The lowest down payment on an FHA loan is 3.5%. I would love to discuss with you further. Contact us! Michelle & Benny 201-962-3555 TeamAmbassador@BestMortgageOption.com

Hi Dennis...you can secure an FHA loan as long as you do not currently have an FHA loan, though there are exceptions...you do need to qualify with the standard guidelines and as pointed out the min. down with FHA is 3.5%...seek out your local mortgage banker or broker to advise you on how to proceed.Good luck!

Contrary to what many people think, FHA loans are for everybody--first time buyers, previous homeowners, wealthy folks, or not so wealthy folks. All that is necessary is qualifying for the loan, and it's much easier with an FHA loan than a conventional one. In addition, depending upon the lender and the loan program, FHA interest rates can be .25% to .75% lower than conventional interest rates. On a home with a $232K purchase price and a 3.5% down payment, that means with an FHA loan you will save approximately $36 to $108 monthly compared to a conventional loan. You will, however, have to pay mortgage insurance for a minimum of 5 years (you would have to pay it also with a conventional loan with less than a 20% down payment, but, possibly; not for 5 years), and a 1% up front mortgage insurance premium which can be included in the loan. I hope this helps you, Dennis.

Dennis,Depending on what county you are in you maybe be eligilbe for a USDA which requires no money down or FHA which is only 3.5%. With you credit score and the 25k you have many options to choose from. If you have a moment and would like to discuss your current situation and objectives I would be happy to spend the time goiing over it with you.Scott IrvineSr. Consultant201.344.0154scott@mortgage-me.us

>>Do I still qualify for an FHA home loanYes. You can use the FHA program as many times as you'd like, it's not just for first time homeowners.

You can apply for FHA financing... so long as you don't currently have an FHA loan now... FHA is for owner occupied properties only, and the down payment is 3.5%.... looks like you'll be fine.. WilliamAcres.com