on Fha's site they have homes, do you have to choose the ones they offer or can you choose any home? and if so where would you reccommend to start looking
2007-01-03 09:37:04 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
If you want an FHA reo, you need to choose form their list.
If you just want an FHA loan, apply at any lender. Most homes will qualify for an FHA guaranteed loan.
2007-01-03 09:39:33 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Are you trying to qualify for an FHA loan? If so the home you buy simply has to meet the requirements given by the loan program. They are generally more strict on the borrowers qualifications than they are on the house you are buying.
There are special programs though were you must purchase in developments operated by FHA. These may be what you are seeing on the website.
2007-01-03 17:46:56 · answer #2 · answered by Ron B 3 · 0⤊ 0⤋
No, you can purchase any home using FHA financing (up to a certain sales price which varys by area, and the property must meet condition guidlines). The homes FHA list are their foreclosures.
2007-01-03 17:41:09 · answer #3 · answered by Scott B 3 · 0⤊ 0⤋
You can choose any home. The site is just for promotion of their homes. They are just the properties that fit into their guidlines as well.
2007-01-06 17:57:56 · answer #4 · answered by CrazyAces 2 · 0⤊ 0⤋