Posted on: 22nd Jan, 2014 09:59 pm
I took out a FHA loan 5 years ago and then sold off the house. Now will I be able to qualify for a new FHA loan.
Hi USB!
Welcome to the forums!
If the previous FHA loan was paid off in full, then qualifying for a new FHA loan will not be difficult. However, you will have to meet all the required criteria of the lender.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
If the previous FHA loan was paid off in full, then qualifying for a new FHA loan will not be difficult. However, you will have to meet all the required criteria of the lender.
Feel free to ask if you've further queries.
Sussane
Hi USB,
I agree with what Sussane has said. You should be able to qualify for a FHA loan in case you have paid off your previous loan in full.
Thanks
I agree with what Sussane has said. You should be able to qualify for a FHA loan in case you have paid off your previous loan in full.
Thanks
Did you pay off your FHA loan that you took out 5 years back? If yes, then you are eligible to obtain a new FHA loan. You may talk to the lender before taking out an FHA loan.