I want to purchase a home and I was wanting to apply to see if I qualify for the FHA loan. I live in Amarillo, Texas. I am married and don't have any children. Im a full time student and my husband works for a meat packing plant. My 26 yr old sister and her two children have been living with us for the past 3 yrs. My sister doesnt work so for the last two yrs, well this would be the third, we have been claiming her children on our taxes. My question is: Would I be able to use her two children as dependents when applying for the home loan? Could my husband use me as a dependent since I dont work? My husband and I are both 23 yrs old. Any help is appreciated
2007-01-19 18:15:33 · 2 answers · asked by shipis 3 in Business & Finance ➔ Renting & Real Estate
I have already tried the website to hud and the others that discuss the FHA loans and could not find an answer to my question
2007-01-19 18:16:31 · update #1
The easiest way to find out if you qualify for a FHA or any type of loan would be to call a Mortgage lender, they can pre-qualify you for free and tell what options might be best for you. They should have access to many different loan package's including FHA. If you do qualify, just make sure to shop around the rates and fees they charge.
2007-01-19 18:32:00 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Ask a loan officer. They'll need your tax returns, I don't think the application includes questions about your dependents.
2007-01-20 12:08:32 · answer #2 · answered by teran_realtor 7 · 0⤊ 1⤋