That's impossible to answer without seeing your specific situation. There are far too many variables.

You need to sit down with a local licensed Loan Officer, give them a full application, and let them review your personal qualifications. As the other person said, there are too many variables to answer here. For example, is your current loan an FHA? If it is, except for extreme circumstances, you can not have two FHA loans at one time. What are credit scores, job histories, debt-to-income ratios, and more.

Tywoni, you should be able to qualify as long as you both the lending requirements, such as debt to income ratios, credit scores and the ability to season and source your down payment, will need more information on the condo such as the value, what you currently owe on it and what type of financing you have now. I would like to further discuss this with you, please call me at 909-503-5600

Obviously, you will have to credit / income qualify, but I believe you are asking if you will qualify for an FHA loan as first time home buyers.... If you purchased your condo 3 or more years ago, it should not be a problem. If you have any additional questions, please feel free to send me an email directly or call. My name is Andrew Liersch and I am with American First Lending Corporation (888) 779-6500.

Too many variables. Need more information.

Yes, maybe. You did not indicate if the loan on your condo loan is FHA or not. If the current loan is not an FHA loan, and you intend to purchase a new home to become your primary residence then you and your husband would be eligible for FHA financing on the new home. Subject of course to meeting all of the normal FHA and underwriting criteria. If the existing loan is an FHA loan, then it is more complex. Generally speaking an individual can only have one FHA loan at a time. There are certain exceptions. Contact a local Mortgage Banker/Broker, rather than one of the big banks. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. They should be able to look at your situation and determine if your situation works. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com