Cash to Existing loan terms.
Generally speaking cash is a cash purchase.
Existing loan means take over existing loan, usually with a large down payment and paying the remainder of their loan with their interest rate they had.
Is it possible, that they may sell the property to your FHA loan but keep in mind the property will have to pass an FHA appraisal inspection. Now many think well I will just have the sellers pay for any repairs. Great thought however many sellers don't want to pay for repairs. This means you may not get the property and you will have already paid out around 200 -350 for a home inspection, and another 400- 500 for an appraisal, only to move on to another property. Buying a home is not like buying pretzels in a store and there are many many variables and this is why you should find a local buyers agent to assist you.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate Broker License # 01312992