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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

by sabrinalester70755 from , California. Mar 24th 2020 Reply


Aundrea Beach-Greco (aundreabeachgreco)
#6 ranked lender in Nevada - 36 contributions

Why would you want to switch to an FHA loan, help me understand.

Mar 24th 2020
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,124 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

Mar 25th 2020
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