Sell current home (has FHA loan) & purchase new home with FHA loan?Current home has FHA loan, have lived in it more than a year and still paying MIP on it, would like to sell and buy new primary residence using FHA loan. Is this possible if current home sale closes on, say Monday morning and close on new home later that day? Use money from sale of current home as 3.5% downpayment. Hopes this make sense.February 24 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.