Can we buy a house that needs a new roof with an FHA loan?
okay so the house we want to buy has a 20 year old roof that leaks. It won’t pass inspection I am sure and my lender said I can’t get a 203k just because of the roof. If the roof is bad will the people we want to buy the house from have to fix it before they sell it or will we have to fix it ourselves?
We offered what they were asking.
We can’t get a conventional loan, so we have and FHA and the realtor told us they’ll prolly have to fix the house before they sell it.