Your credit scores, income and debt load are the important things as far as an FHA Loan is concerned. A short conversation with a reputable loan officer will let you know if you qualify.
Your landlords financial situation does not affect your ability to get a loan.
HEre is a link that may help. It is to FHA. Great opportunity for you,especially if you can get the price that you want. Be mindful that the Short Sale process can take a long time. The lender can take months before they give you an answer.
You can also use down payment assistance funded by the seller and have all closing costs paid in most cases or rolled in. If you are looking to get qualified for an FHA loan please feel free to call me. I can get you approved over the phone. Thank You!
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