Will be your mastercard providing you the fresh new perks you desire? Situation: me personally and you can spouse bought the house June 18' within Ca. FHA loan (full payment together with pmi,Insurance policies, etcetera try $4300) quick toward past week: we refi'd to eliminate pmi (we are more than 20% collateral now because of the skyrocketing home prices) and having a lowered interest rate (out of cuatro.5 to 3.0) are extra #step 1. having the refi done in Their own Name Merely (I'm still to the label) i am thinking about this condo id wanna buy, could there be Any way I will qualify for a keen fha financing (step 3.5% deposit) without having to divorce the new spouse hahah. all of our mortgage only fell regarding my credit file past and you will I'm ready to buy a piece of property, I am even happy to "live" inside it getting annually if i have to. All the community forum topics Past Thing You need to be capable. as long as you would intend to live in it as much of your home in this 3 months out of closure. Additionally the complex is approved to have FHA financial support when you are for the the latest HUD approved condominium number. If it's not to the HUD approved condo number, it would be better to cut the additional step 1.5% necessary to see a conventional loan that have 5% off which would-be to obtain the advanced (therefore the HOA and you can/otherwise their mgmt. co.) passed by HUD. Regardless, contact the respected regional financial and watch what your qualify for and you can go for it. however, if We "needed" to live in truth be told there to own a-year, We would've discover an approach to make it work (essentially) I didn't understand 2nd homes only require 10% down, imagine I able someplace 20% . 9003