Home Buying in Pleasant Hill>Question Details

Cheryl, Home Buyer in Tracy, CA

Is this home okay for a FHA Loan? I have been pre-approved for a FHA Loan.

Asked by Cheryl, Tracy, CA Thu Jan 5, 2012

Help the community by answering this question:


The Medford Team’s answer

If it’s a normal single family home, then it qualifies for an FHA loan based on condition. FHA wants to make sure that upon occupancy, you can:

• Open, shut and secure windows and doors,
• Cook a meal (appliances should be in place),
• Use the restrooms with no restrictions,
• Turn on the heat,
• Be sure the roof won’t leak the first time it rains,
• Not have to deal with exterior wood finishes (peeling paint has become a big issue),
• And so on.

The property has to be habitable. Here is a link that explains in more detail:


As pointed out below, if it is a condo (and MANY townhouses are also classified as condos), then it has to be on FHA’s approved condo list. Developments on the list have met the basic FHA requirements, such as a limited number of units in default on their HOA dues, high owner/occupancy rates and so on.

You can check out the list yourself at the following site:

0 votes Thank Flag Link Fri Jan 6, 2012
He Cheryl,

FHA loans are the most common loans in the county, so it may be allowed for the property. Any restrictions would be due to it's condition. The 203k rehab program is also a possibility with structures that need work. Without knowing the address, it is impossible to answer your question. Please send us the address so we can give you accurate information.

Suzanne Looker
0 votes Thank Flag Link Thu Jan 5, 2012

Everything Ken said is accurate. I'll find out for you if the property can be bought using FHA. Send me the address and I'll get your answer by tomorrow or sooner. You can email me at neilcase@neilcase.com or call me at 925-382-7294. I'm at my desk now. Regards.
0 votes Thank Flag Link Thu Jan 5, 2012
Actually, almost all homes are approved for FHA financing unless its a condo project with less than 51% owner occuppied. FHA has a 203K program that allows you to finance needed repairs to bring it up to standard for FHA after close. I would have to see the home to determine if there would be a problem going regular FHA. You can visit my website below to set up a home search and i can guide you to which homes would be the best ones to buy FHA. ken
Web Reference: http://kencarpoff.com
0 votes Thank Flag Link Thu Jan 5, 2012
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