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Old 02-22-2013, 08:19 PM
 
12 posts, read 23,685 times
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So my brother and I bought a house together in 2009 with an FHA Loan. It's a great bachelor pad and we had fun for a while. Anyway, fastforward almost 4 years later, and he has since gotten married and now has 2 kids. Im ok with it, but it's not an ideal situation for a 23 year old. According to HUD, if you're vacating a jointly owned property, you can qualify for a second FHA Loan. My question is, will I qualify for a loan based on a debt to income ratio of the full mortgage for the first house and the second house, or would I be exempt from the debt of the first house?
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