Q: Can I use an FHA loan to buy a conventional sale house?
? cdubz, Grand Rapids, MI
A: Yes you can?
Lee Dworshak is a Realtor? with Keller Williams LA Harbor Realty in Rancho Palos Verdes, CA.
A: Yes, you can if the home meets FHA qualifications and you qualify as well.
Adam Aguilar is a Realtor? with Reliantra in West Toluca Lake, CA.
A: You can use an FHA loan to purchase any home that is FHA approved. It does not have to be a bankowned foreclosure. There are some condominium complexes in California that are not approved for FHA financing but I do not think that single family houses apply. Good luck!
Dominic Naidoo is a Realtor? with Westside Properties in Pacific Palisades, CA.
A:A: Absolutely. Your second best friend in a real estate transaction (second to your agent who will be #1) will be a GREAT lender. Since loans and locations and constantly changing regulations effect each transaction, I strongly urge you to ask for recommendations until you find THE lender who will take care of YOU, and get specifics on all your options.
Ginny Ollis is a Realtor? with Coldwell Banker Residential Brokerage ? San Diego Mission Hills in San Diego, CA.
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Source: http://rock-n-rollrealestateagent.com/can-i-use-an-fha-loan-to-buy-a-conventional-house/
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