Can we buy a house that needs a new roof with an FHA loan?

2011-10-24 / fha loan / 3 Comments

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.

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Can you buy any house with a FHA loan? Or does it have to be a HUD house?

2011-10-22 / fha loan / 8 Comments

Simple question I can’t seem to find a simple answer for.

Thank you in advance.

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Can you buy any house with a FHA loan? Or does it have to be a HUD house?

2011-10-22 / fha loan / 8 Comments

Simple question I can’t seem to find a simple answer for.

Thank you in advance.

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Can we get a FHA loan on a house that we already live in?

2011-10-11 / fha loan / 2 Comments

My husband and I are interested in buying a house that my mother owns. We are considering renting it for a year to save up additional funds so we can put down more then the required 3.5%. Does anyone know if the FHA has any rules stating that you can not previously live in the home you are trying to mortgage?
THANKS! :)
**No advertisements please, just real answers.**

Thanks again. :)

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Can I rent out a room in my house if I have an FHA loan?

2011-10-02 / fha loan / 5 Comments

I’ve lived there for over 3 years now and could use the extra cash. Is it legal to rent out a room? If so, what are the guidelines?

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Buying a house financing is being down with an FHA loan and seller paying closing cost,what happens?

2011-09-24 / fha loan / 2 Comments

what happens to the earnest money. is it subtract from the down payment?

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Can you rent your house out if you have a FHA loan?

2011-09-21 / fha loan / 4 Comments

My agent, off the books, said that technically I have to live there but I can move out in 3 months and put it up for rent. She said that a lot of people do it without any problem as long as ur mortgage is on time.

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