Can i purchase a home in another state using a FHA Loanmy partner and i are looking to purchase a home in about a year. currently live in long island,NY but want to purchase in North Carolina. Our scores are in the upper 500's. we are giving ourselves a year to reestablish credit and save up at least 10% down payment. our combined income is about 85k a year. now would they base our qualified mortgage amount off of our NY income or would we have to move establish employment history over in N.C and then applyMay 21 2011 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.