Hello, I am 23 years old and my husband and I bought our first home in Colorado Springs with a FHA lHello, I am 23 years old and my husband and I bought our first home in Colorado Springs with a FHA loan 9 months ago. It was a foreclosure so we got a great price and we did all the renovations ourselves, putting about 12K into it. We owe about 150K on the home but it is worth about 210-220K. We are now considering renting it out and taking advantage of the VA loan to buy another home, in Denver. We feel we will have no problem renting out this home since Colorado Springs is a military own. Is this a good idea to buy a 2nd home? Would we even be approved, one year after buying our first home? Also, he is 'unemployed', attending school on the GI Bill so I am the one who is working, and possibly changing jobs soon. How important is job history?September 04 2013 - Powers00YesReport 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.