Click To View Links

FHA Loan Eligibility

by Ryan
(New York)

Just a quick question I was looking for guidance on.

I had purchased a home awhile ago with a girlfriend, both our names were on the title and it was through the FHA loan program. We went separate ways a few years afterwards and I agreed to sign the house over to her, which she still lives in/owns today. I'm completely off the deed now, and any association to that home. It's been approximately 2 years since.

I wanted to know if I'd still be a candidate for a FHA loan? Or does that situation disqualify me.

I'm assuming I meet the other requirements, since I surpassed them before and my situation has only improved.

Thank you,

Ryan

Comments for FHA Loan Eligibility

Click here to add your own comments

FHA Loan Eligibility Question
by: Jeffrey

Hello Ryan,

Thank you for coming by my website and asking your questions.

I know you mentioned you signed off on the deed. You did not mention if you had her refinance the property so you could get off the mortgage.

That is a very important step if you have not done so. Lenders will generally not let you off a mortgage just because you signed off on the deed. Did the lender re-qualify your ex-girl friend so she has her own mortgage?

If you are off of the mortgage, then yes you can qualify for a new mortgage providing you meet the lenders guidelines.

However, there must be a period of 3 years to be considered a first time home buyer. I know of some great programs that can still help you even though it may not have been 3 years since you had a mortgage.

Reach out to me using my contact form in the footer of my website for more details.

Kind Regards,

Jeff

Click here to add your own comments

Return to Ask The Expert.

New Jersey Grants

Click on Image to Learn More

South Carolina Grants

Click on Image to Learn More

Recent Articles

  1. Arkansas First Time Home Buyer Grants | Programs | Down Payment Assistance

    Mar 20, 17 05:33 PM

    Pursuing any Arkansas first time home buyer grants to purchase that home? Find the best grants for home buying in Arkansas and other home mortgage programs available on this page.

    Read More

  2. Massachusetts First Time Home Buyer Grants | Programs | Down Payment Assistance

    Mar 14, 17 12:16 PM

    Chasing after Massachusetts first time home buyer grants to buy that home? Discover the best grants for home buying in Massachusetts and other home mortgage programs available on this page.

    Read More

  3. Alaska First Time Home Buyer Grants | Programs | Down Payment Assistance

    Mar 07, 17 05:31 PM

    Fishing for Alaska first time home buyer grants to purchase that home? Find the best grants for home buying in Alaska and other home mortgage programs available on this page!

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans


Follow Us On Twitter

follow me on twitter