GREAT QUESTION it all depends however if a home has foundation problems I believe there are other homes without problems. You could be wasting time and money appraisals and etc. lender may not approve.

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Juan,

Depends on the condition and your credit.
You may need a 203k FHA loan to make it work.
Best to get prequalified with a lender first and see if you qualify for the 203k.
There are also lots of houses around without problems.
Can we help you find just the right one?

Bruce Lynn
Keller Williams Realty

Juan,
Why would you want a house with a foundation problem? If it can be fix go for a FHA 203K loan, but I hope there is a big price reduction. Mortgage questions email me at mike@murray4money.com

Have a knowledgeable realtor look at it with you.
Banks hate foundation issues.

It really depends on to what extent the foundation is damaged and what appraiser looks at it. If you have a property in mind I would be happy to meet you there and give you my opinion. FHA is normally more stringent than Conventional, but even conventional has a line which they will draw. If going conventional depending on the lender they will probably look at the purchase price as compared to what the value will be once it is fixed.

RJ
214-682-0598