If you plan on buying a coop, your realtor will let you know which Boards will consider you.
You also must live in the home you are buying with FHA financing, and if you are buying in another state then you will need to be able to justify why you would be living in another state as your primary residence, such as if you are getting a job transfer, etc. You will also need to have qualifying income, which if you are getting a job transfer, your income transfers with you... but if you are starting a brand new job then before you can close on the home you will need to provide evidence of your new job and in most situations a paycheck stub too. If you are self-employed then you will need to prove how your business will still be profitable with you moving to the new location, and if you have other sources of income (investments, etc.) that can be documented and those can qualify on it's own then no further employment & income documentation would be needed.
If you are looking to move to the Dallas, TX area, give me a call. =)
It's more than real estate. it's RAYL-Estate!
Keller Williams Elite - Dallas, TX