Condition is an issue, but so long as there are no broken windows or exposed flooring (actual hole in floor) (not necessarily that flooring is missing), FHA will give the loan. Oh, there also has to be an operable stove.
Not all Condos qualify for FHA financing. The following website should help you find out if the one you are intersted in qualifies. https://entp.hud.gov/idapp/html/condlook.cfm
Please let me know if you need help finding The Right Property at The Right Price.
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Not all condos will qualify, even if they are in good condition. The complex itself must be approved for FHA financing by HUD (Dept. of Housing & Urban Development), and that is determined by additional factors than just the condition, such as the financial reserves of the HOA, etc..
Coldwell Banker Residential Brokerage