3,141,679
Connect with a local, experienced lender who can help Austin. It could end up being a long-lasting business relationship!
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Shayne Stone
Fulshear, TX
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Lyn Sims
Schaumburg, IL
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Fred Griffin Florida R...
Tallahassee, FL
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Carla Freund
Raleigh, NC
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Diana Dahlberg
Pleasant Prairie, WI
420,003
Calling you it's a long answer
We do singlewide as FHA we will help get the 433A filed if it's not (typical it's not)
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Austin McKenzie
Lakeland, FL
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Shayne Stone
Fulshear, TX
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Carla Freund
Raleigh, NC
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Diana Dahlberg
Pleasant Prairie, WI
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John Juarez
Fremont, CA
1,209,225
just google the term and it should pop up OR give your favorite lender a call and see what they say
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Peter Mohylsky, Destin...
Miramar Beach, FL
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Carla Freund
Raleigh, NC
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Roy Kelley
Gaithersburg, MD
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Diana Dahlberg
Pleasant Prairie, WI
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John Juarez
Fremont, CA
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Shayne Stone
Fulshear, TX
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Greg Large
Grove City, OH
679,404
Looks to me that you got the Best Advice from all these AR Peers ... contact your favorite Lender and they should be able to give you the information you need.
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Lyn Sims
Schaumburg, IL
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Fred Griffin Florida R...
Tallahassee, FL
1,326,624
Talking to a pro...a lender...would be wise.
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Fred Griffin Florida R...
Tallahassee, FL
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Diana Dahlberg
Pleasant Prairie, WI
853,912
Ask one of your trusted, local lenders to coffee/breakfast/lunch and learn from them and build a partnership.
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Doug Dawes
Topsfield, MA
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Lyn Sims
Schaumburg, IL
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Fred Griffin Florida R...
Tallahassee, FL
1,507,073
Your best bet is to contact your favorite lender. The things I know are it has to be generally in good repair. No peeling paint, appliances work, that kind of thing. It's not typically something I focus on because I deal mainly with fix & flips. The buy side never qualifies for ANY traditional financing, the sell side qualifies for everything.
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Shayne Stone
Fulshear, TX
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Lyn Sims
Schaumburg, IL
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Fred Griffin Florida R...
Tallahassee, FL
907,749
Your lender would be a great start. Also, speak with an FHA appraiser if it is about the condition. They can tell you what kind of things to look for. To be honest, we see so few FHA loans getting accepted here these days because they can't compete with the other offers. Sad for people who need to use FHA.
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Doug Dawes
Topsfield, MA
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Fred Griffin Florida R...
Tallahassee, FL
7,871,264
Your trusted local mortgage loan officer is your best resource for FHA questions.
Houses that qualify for FHA financing.
What kinds of houses qualify for an FHA home loan? The answer may surprise you since many people assume the types of homes they can buy are fully finished, typical suburban home. But you can purchase other types of properties, too. Do you know your options with an FHA loan?
FHA One-Time Close Construction Loans
How would you like to have a house built from the ground up instead of searching for just the right property as an existing construction property? This is possible, even for first-time home buyers, with an FHA One-Time Close construction loan.
This type of home loan may require higher FICO scores (depending on the lender) and may be limited (again, based on lender standards) to single-unit residences. One-Time Close loans require the use of architectural plans, contractors, and other third parties; you will need to plan and budget for these expenses along with the typical home loan costs such as appraisal fees, inspections, etc.
FHA Fixer-Upper Loans
You can ask your participating FHA lender about applying for an FHA 203(k) rehab loan which is also available as a refinance loan. FHA 203(k) mortgages allow you to buy and rehab, or refinance and rehab, a home you want to use or are currently using as your primary residence.
These loans have no FHA-required FICO score guideline differences than for other loans-that means the same basic financial qualifying criteria will apply for these loans as for new purchase loans for existing construction. That does not mean your lender won’t have additional standards, but that’s one reason why it’s good to shop around for a lender; find one who can work with your financial needs and goals.
FHA Condo Loans
FHA condo loans have some unique requirements, but you can definitely purchase a condo unit in an approved condominium project. Because condo projects will have a Condo Owner’s Association or a similar organization, you will need to read their bylaws and covenants carefully to determine whether that condo is right for you.
FHA Mortgages for Mixed-Use Property
Some homes are zoned residential-only, while others are zoned for mixed use. If the property you want to purchase with an FHA mortgage is primarily residential, and will be used as your primary residence, you may be able to purchase a mixed-use property with an FHA mortgage.
You cannot buy an investment property (one you don’t intend to live in) with an FHA Single-Family Home Loan, but a mixed use property with at least 51% of the space dedicated to the residence may qualify if it meets FHA and lender standards.
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Jerry Newman
San Antonio, TX
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Doug Dawes
Topsfield, MA
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Shayne Stone
Fulshear, TX
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Carla Freund
Raleigh, NC
1,555,089
Ask Jason E. Gordon
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Doug Dawes
Topsfield, MA
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Jason E. Gordon
San Diego, CA
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Shayne Stone
Fulshear, TX
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Thomas J. Nelson, REAL...
La Jolla, CA
5,246,501
I would contact a mortgage lender in Florida that funds FHA loans. Joe Petrowski comes to mind.
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Doug Dawes
Topsfield, MA
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Shayne Stone
Fulshear, TX
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Fred Griffin Florida R...
Tallahassee, FL
6,425,063
May be best to check with an FHA lender to get their opinion on the property.
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Doug Dawes
Topsfield, MA
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Shayne Stone
Fulshear, TX
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Fred Griffin Florida R...
Tallahassee, FL
3,350,719
I recommend you work with a lender well-versed in FHA. Believe me, there are some lenders that will say they know FHA and they do not. Beware out there!
Here you go: 2022 FHA Loan Requierments!
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
1,847,781
Better get a lender to start a relationship with. Reading the guidelines will really do nothing for your listing.
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Doug Dawes
Topsfield, MA
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Shayne Stone
Fulshear, TX
1,078,451
https://www.hud.gov/program_offices/housing/sfh/handbook_4000-1
You'll probably have a tough time wading through the actual handbook - if you have specific questions or concerns on the property, I could probably help a little easier as there are some common pitfalls and FAQs I know off the top of my head. Feel free to call me 484-680-4852 to discuss if you need some specific guidance.
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Fred Griffin Florida R...
Tallahassee, FL
1,202,697
I like Roy Kelley's answer the best but you received good responses from others
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Joan Cox
Denver, CO
3,168,134
I talk with a local FHA appraiser for that. I have also on occasion paid him to go by and check out the listing to let me know if it's "all good" for FHA.
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Doug Dawes
Topsfield, MA
766,969
A lender will be able to provide you with a link to them or you can go to the HUD site.
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Doug Dawes
Topsfield, MA
5,879,816
The FHA website may give you some answers, but a local lender would be a good idea too.
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Doug Dawes
Topsfield, MA