http://www.fhaloanpros.com/2008/05/new-fha-mortgage-underwriting-chart-available/ The Unofficial Guide to FHA Loans & Mortgages Sat, 21 Nov 2009 05:41:59 +0000 http://wordpress.org/?v=2.6 http://www.fhaloanpros.com/2008/05/new-fha-mortgage-underwriting-chart-available/#comment-45410 rob Tue, 24 Mar 2009 01:19:48 +0000 http://www.fhaloanpros.com/2008/05/new-fha-mortgage-underwriting-chart-available/#comment-45410 I am in a bit of a dilemna and could use some advice. I own a condo which i bought in 2003 (fha loan) i cant sell now because i am upside down in terms of what i can sell for and what i owe. i need to move as my family is growing. I want to rent my condo and purchase a single family home by traditional loan. my mortgage underwriter is saying i cant use my rental income from fha loan towards getting approved for new loan. i have great credit and between my wife and i make a good living. is there any chance that these new fha rules dont apply to older mortgages? any advice would be great. I am in a bit of a dilemna and could use some advice. I own a condo which i bought in 2003 (fha loan) i cant sell now because i am upside down in terms of what i can sell for and what i owe. i need to move as my family is growing. I want to rent my condo and purchase a single family home by traditional loan. my mortgage underwriter is saying i cant use my rental income from fha loan towards getting approved for new loan. i have great credit and between my wife and i make a good living. is there any chance that these new fha rules dont apply to older mortgages?
any advice would be great.

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