Which way?Hi! Thanks in advance in answering this question. We have a FHA loan approved for 204,000. We have NSP funds of 70,000 for a townhome and 90,000 for a singe family home. If we use the NSP funds it has to be a foreclosed house. So far we have placed a bid on a home in centreville 40,000 (270,000) over asking priced, didnt get it, placed an offer of 17000 over in springfield (270,000) didnt get it. Now we are waiting on an offer of 22,000 over asking also in springfield. Since all of these are foreclosed properties using NSP funds, is this a roadblock for us? Are banks seeing that we are using NSP funds and are just not wanting to deal with us? My second question is that we have about 20,000 in cash. Should we just find a place without using the NSP funds? So 204+20 for 224,000. There are choices out there in Fairfax County for that much but most of them are short sales. Or should we just bit the bullet and look in Prince William county like manassas? We can wait too but that tax credit deadline is coming up, but it wont be the end of the world if we dont get it. Do you think more opportunities will come up in the spring/summer? Thanks againMarch 29 2010 - Fairfax00YesReport 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.