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Kathryn Macgeraghty
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Kathryn Macgeraghty answered:
The listing should say whether or not FHA is OK. But I'll bet they are checking it off as OK with the seller. Your agent should know the general guidelines for an FHA home, so at least while you two are touring you can rule out the ones in unacceptable condition. I believe the market will be cooling down in about a month: either the $8000 credit will be extended, or it will expire on 11/30/09. First time home buyer demand was artificially pushed forward because of the credit.
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