Can we get an FHA loan while renting our condoMe and my wife currently own a condo and plan to buy a new home soon. We would like to rent the condo to avoid losing any money on a sale. We are looking into possibly getting a FHA loan for the new home. Can we get approved while still owning the condo? Will we have to show proof of rental income?August 27 2013 - 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.