Suzy, Home Buyer in Pleasant Plains, Was...

Is there anyway to buy a foreclosed home through FHA without it being a owner/occupant and getting it with very little down?

Asked by Suzy, Pleasant Plains, Washington, DC Tue Oct 6, 2009

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3
You should be talking to a lender. There are many qualified lenders who would be able to help you put a plan together and from the sound of it you are thinking of buying an investment property. A well qualified, old school lender will be able to help you find a way or program that will work for you.

DON'T(!) go trying to do something like this with out an experience professional to back you up. Don't want to go through hall that effort to find a property then realize your loan plans are not going to work.

Good Luck!
0 votes Thank Flag Link Sun Mar 21, 2010
With regards to Mr. Chandra, no is not technically correct. FHA does allow non-occupant co-borrowers, however, it makes for a very difficult loan process. There are conditions on who the non-occupant borrowers are....Hope this helps, Jim.
0 votes Thank Flag Link Sat Oct 17, 2009
No.
Ramesh Chandra
703 635 8209
mepcigroup@gmail.com
0 votes Thank Flag Link Tue Oct 6, 2009
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