Best of Luck,
They are there to help you through the process and find the loan that fits your situation.
Best of luck to you!
Contact you lender and they will be able to tell you exactly what you will need.
Talk to somebody who can take you through the whole process as it would
appear you have several issues including whether a FHA loan is the way
to go when you have 20% for your downpayment.
Well, you only need 3.5 % down to use an FHA loan. You should check with a lender, see what you qualify for. A great lender will have a few different options for you, if you can qualify for a loan, they will know. You are correct that $150,000 is a good purchase price. You should be able to get a decent home in various areas with that much budget.
Only way to find out what your loan scenario looks like is to talk to a lender. Try Evelyne Jamet at Vitek. She has been a miracle worker for many of my clients.
Call her at 916-452-8800