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Originally Posted by BPRICE1234
I heard a rumor that you can't use a FHA loan to purchase a new home? Can anyone confirm this?
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When we moved here we inquired about using our VA loan benefits. We were told we could use any type loan we wanted but we still had to put 10% down and meet the requirement to close in 30 days. Since VA loans come with substantial funding fees and we had to make a down payment anyway we went conventional. That applies to a new home. You can use any kind of loan you want on a resale.