Home Buying in City Center>Question Details

Marcos, Home Buyer in Los Angeles, CA

is this property FHA approved?

Asked by Marcos, Los Angeles, CA Thu Jul 5, 2012

we are FHA loan approved and I have a hard time telling which properties are or aren't FHA approved

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Answers

4
Hello Marcos, Most all homes are FHA approved although you may run into issues of FHA approved condos so your agent will know which ones are or aren't. A home that may no pass minimum property standards will be noted in comments of the property. Ask your agent... You may utilize a 203k loan for those that are not FHA approved. That can give you an additional edge as not all buyers want to do a small remodel such as homes that are missing kitchen cabinest or various things or needs carpet and paint from 5k to 35k which is a streamline 203k and can close those within 45 days.

http://www.under640ficoscoreloans.com/Pages/203K.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker – Sr. Loan Officer CA only
REO & Short Sale Specialist
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225
0 votes Thank Flag Link Sat Dec 1, 2012
Hi Marcos,

Typically, things that will not allow a property to be financed by an FHA loan are:

* illegal additions/conversions
* health and safety issues
* lack of flooring (carpet or tile)
* major repairs

Please feel free to contact me and I would be more than happy to help you navigate through the FHA purchase process.

Blessings,
Talin Mardirosians
818-521-4133 CELL
talin_mardirosians@yahoo.com
0 votes Thank Flag Link Tue Jul 10, 2012
Hello Marcos,
Usually all properties that have been completed remodeled are FHA approved applying the 90 days rule. FHA requires no garage conversions, no illegal additions, etc.
Please contact me with any other question you may have.

Remberto De Jesus Marquez
Prudential California Realty
(323)401-3846

Note: Hablo Español tambien. Si desea comunicarse español conmigo lo puede hacer. Gracias.
0 votes Thank Flag Link Fri Jul 6, 2012
Hi Marcos,

I'm not able to see the property address. Would you please be kind enough to send me the address?

By the way, please feel free to call me at 818-371-8015 and I would be glad to answer any other question that you might have about this or any other property.

Sincerely,
0 votes Thank Flag Link Thu Jul 5, 2012
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