Can I get an FHA Loan for a Foreclosure?There is a foreclosure for sale that I would like to purchase. I would to qualify for an FHA loan. The asking price is $695000. The home sold in 2005 for $1,200,000. It currently appraises for well over the asking price. I currently own a duplex that I would like to keep for investment purposes. Should I refi the duplex to get a lower payment to help with the loan?November 27 2009 - Whittier00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.