So my husband decided he wants to get a divorce. We currently have a home with an FHA loan. We were first time home buyers. We had refinanced and they took me off the home loan. I don't really know much about real estate. I just remember signing a bunch of papers, but don't really remember anything else. My soon to be ex husband plans on selling the home we had because he wont be able to afford it while paying for child support. I just want to know that in the next few years when I get back on my feet again if I can get another FHA loan. I was talking it over with family and they all said you can only get an FHA loan as a first time home buyer. I would like to buy my kids a home some day, but I would like to know what kind of loan I would be eligible for and what kind of down payment I would need.
Added (1). BTW I couldn't keep the home we lived in because I wouldn't have been able to afford it either.
Read more: Can I get an FHA loan again?
