For an updated list of FHA approved condos in Houston, TX see http://homebuyerwise.com/FHA-Approved-Condos/city/Houston-TX_25799 . This link is available nights and weekends unlike the HUD site. FHA approved condos are easier to sell because buyers can put down a lot less money.... more
I highly recommend working with an experienced Realtor in foreclosures that can help you throughout the process and show you the houses that you would like to see and guide you through the purchasing and the negotiation process. I would be more than happy to help. Just let me know.
RE/MAX Real Estate Associates
The guidelines protect you more than they do the lender, do not let a lender approve your loan application unless they can prove to you that you are overqualified. How much over? Depends on how safe you want to be, if you were betting your life how much would you want the odds stacked in your favor? Getting a mortgage if you just barely meet the minimum thresholds is like betting your financial life. The lenders that have turned you down have protected you, send them a thank you note and ask the one that was most helpful for guidance, good luck,
NMLS # 6395
Financing Kentucky One Home at a Time... more