FHA loans. The only issue I visualise is the long closing period. FHA loan takes longer, a seller may want to close sooner. In a slow market where the properties are on the market for longer durations and not much buying activity, a seller may want to consider a buyer with a FHA loan. Other than the closeing period there should be no major issues with a seller. You need to consult with lenders who are quialified to do do FHA loans.

Hi Jackalope,

It depends on whether the property is bank owned or being sold by a private party. Private sellers might be a little reluctant and their reaction would depend on what type of competition you are facing. For a single family house most of the properties in your range are probably going to be bank owned. They are looking to sell as quickly as possible; so you will probably be fine. I am actually waiting on a bank response to a similar loan program. I could let you know what type of reaction you are facing this week if you are interested.