Most of the time, bank REO properties can be financed. The condiiton of the property will be one of the criticial factors - if it needs extensive repairs, your financial options may be limited but they do exist. Your credit score, the reason you are buying (primary residence or investment), condition of the property, appraised evaluation, the amount of cash down payment and term of loan are all considerations. Talk to your favorite REALTORÂ® and lender for guide lines. And, don't forget that the current bank/owner may be offering incentives to buyers! If XYZ lender is the seller and you obtain new financing through them, there is surely a $$ nugget hidden somewhere...find the money. Hope you find a real gem piggy backed with a winning financial package!