How to I transfer my FHA mortgage to a new new home purchase?
I bought my first house last year with an FHA loan (for about $ 196,000). I need to move for my job and would like to sell my house and buy a new house in the new city. It might take a while to sell my first house. I read somewhere that the FHA loan is portable and you can easily use it to buy another house, Does this mean that I won’t have to reapply for a mortgage or have my finances scrutinized again like it was when I applied for my first home? Any advice would be appreciated.