Can You Buy Atx House With An Fha Loan

– Trulia – Can you buy a house with an FHA Loan and Flip it? Asked by Jordan Kraushar, Sacramento, CA Thu Aug 18, 2011. Asked by Jordan Kraushar, Sacramento, CA Thu Aug 18, 2011. I know they say you have to occupy the house for a year before you sell it.

You also want to determine how much house you can afford to buy, when using an FHA loan. And this is something you can figure out on your own. Believe it or not, it’s possible to get approved for a home loan that’s too big for you (or one that might become unaffordable down the road, due to changes in your financial situation).

 · There can be multiple reasons for wanting to buy a second home, but only some are allowed if you’re seeking an fha loan. generally, FHA loans are for primary residences, so often you’ll need to prove that you meet one of the exceptions to this rule in order to get financing for it.

This is part of an ongoing blog series in which we answer common questions about fha loans. today’s question is: Can I use an FHA loan to buy a duplex-style home with two units? The short answer is yes, an FHA-insured mortgage loan can be used to purchase a duplex property, as long as you meet a few key requirements.

How To Apply For A Fha Loan Online Best Fha Loan Lenders First Time Home Buyer Programs Txc Fha Loan Limits By County HUD.gov / U.S. Department of Housing and Urban Development. – 1. Figure out how much you can afford What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate.