who determines whether or not you have enough equity to purchase a second home?I have a mortgage on my current home, I have found a house in an adult community at a good price and would like to buy it using an FHA loan. Who make the determination of the worth of my 1st home to know whether I have enough equity to purchase other home and then either rent or sell current home?October 28 2009 - Pacific00YesReport 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.