One of the most common concerns of my new clients are whether or not they can afford a new home mortgage, while their underwater on their current starter home.  The Fha loan is one of the most flexible avenues to accomplish this goal with as little as 3.5% down.  This Gov insured loan allows for a family to use a higher % of their income to cover their current housing debt (while you can’t count rental income until you claim on your tax returns) and the newly proposed payment.  Thus allowing you to transition your growing family into a more suitable situation.  This loan also comes with the option of having family members co sign, to compensate for low income or down payment.

We specialize in these types of scenario, call us any time at 248-499-9640