Shane answered IF you are not buying a condo. I have heard TH rarely need fHA approval but this has not been a problem I have seen. Remember condos are not just the high rises we all know are condos. Townhomes and even single family homes can be classifed as condos. Your loan officer better make sure if you buy a condo it's on the list Shane gave you. Please note being on the list doesn't mean it's a done deal, it just means that you have a good shot. Condo questionaires still must be completed and the answers have to hit certain levels of owners, unit in default etc. Again if you are not buying a condo there is really nothing to worry about. This is a job of the loan officer NOT the realtor. Hope this helps.
The only other requirement that FHA has regarding a home is that it meets the minimum property requirements in terms of safety, soundness, livability, utilities/mechanicals are all working, etc.
Why are you working so hard let your agent do that! Remember your agent services are free to you as the seller pays their commission so take advantage of that!
It's really only an issue if you're looking at buying a condo as not all buildings are FHA approved or a house that needs work and would not pass the FHA guidelines for property condition.
Hope this helps!
Lots of good information, but without info from you, no one can accurately answer your question.
Are you looking for a house or condo? Either way, the best answer is probably just talk to your RealtorÂ®. If it's a condo, chances are that even if they say they are FHA approved the condo association may have let their approval rate lapse. Lots of things to consider there including rent-to-owner-occupied ratio, delinquency rate, reserves, etc.
If you are looking for a house, then the only way to know is have an agent walk you through the property and they can likely tell you if it might pass FHA approval, but the only way you will ever know for sure is to put an offer on a house and have the FHA appraiser/inspector look at it.
There really is no refined way to search for FHA approved homes, because in the real world they are typically approved after-the-fact (re:contract, home inspection). Find yourself a good RealtorÂ® and do your due diligence and that is probably the best way to go.
As others have pointed out it really depends on what type of property you are looking to buy. If you are looking to buy a condo, then yes some are FHA approved and others are not. On the HUD website they have a list that you can search which buildings have been approved or not: https://entp.hud.gov/idapp/html/condlook.cfm. Single family homes are approved, but one would need to make sure it is in good shape, esp if it is a short sale or foreclosure.
Please let me know if you need any further assistance.
You will never find your answer on trulia, zillow, realtor.com, homes.com etc as they are MLS syndicators and manually update. But this is a great place to find a Realtor to work with. Unfortunately, I have found less than accurate data at times here and with other MLS syndicators as well. You might imagine how hard it is to keep up with entire U.S. housing market. Maybe start with Shane who has REAL MLS access.