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My question is: Are we good candidates for an FHA loan? My husband has lived in USA two years, working steadily, building up his credit score. I have a high 700's credit score, no debt. But I was laid off over a year and a half ago. I just now starting working. We have $15,000.00 saved here (and my husband has $40,000 in his home country)...We are tired of moving into an apartment (happened in December 2009 and Dec 2010) only to be told after one year the building has been sold and all the tenants have to move due to renovations. And rents have increased a lot in two years to the point paying for a condo or small house seems a better option.
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