Zillow Advice: Buying a Foreclosure - can you purchase a foreclosure or short sale with an FHA loan? http://www.zillow.com/advice-thread/can-you-purchase-a-foreclosure-or-short-sale-with-an-FHA-loan/496411/ Zillow Advice | Zillow Real Estate I would try to find a home ... http://www.zillow.com/advice-thread/can-you-purchase-a-foreclosure-or-short-sale-with-an-FHA-loan/496411/ I would try to find a home built after 1978. FHA and VA does allow any defective paint ( cracked or peeling) on dwellings before 1978 because they are concerned that it may have lead base paint which is a health and safety concern with the government backed loans. The mechanical systems must also be in working order to qualify for a FHA loan. Therefore if a house does not qualify the seller will be required to make the repairs. Since REO sales are owned by the Banks they are aware of this and typically to make the necessary repairs but if is a short sale then the bank will require the sellers to make the repairs. &nbsp;This sometimes is an issue since the sellers do not want to spend any money on fixing up the dwelling. I would recommend a newer dwelling so you do not have to worry about issues with the dwelling. &nbsp;If you considering a condo make sure the complex is approved by HUD. Wed, 02 Oct 2013 06:03:00 GMT http://www.zillow.com/advice-thread/can-you-purchase-a-foreclosure-or-short-sale-with-an-FHA-loan/496411/ 2013-10-02T06:03:00Z Yes http://www.zillow.com/advice-thread/can-you-purchase-a-foreclosure-or-short-sale-with-an-FHA-loan/496411/ Yes Tue, 01 Oct 2013 23:45:00 GMT http://www.zillow.com/advice-thread/can-you-purchase-a-foreclosure-or-short-sale-with-an-FHA-loan/496411/ 2013-10-01T23:45:00Z Yes you can if the home meets ... http://www.zillow.com/advice-thread/can-you-purchase-a-foreclosure-or-short-sale-with-an-FHA-loan/496411/ Yes you can if the home meets the appraisal requirements. Sun, 29 Sep 2013 22:58:00 GMT http://www.zillow.com/advice-thread/can-you-purchase-a-foreclosure-or-short-sale-with-an-FHA-loan/496411/ 2013-09-29T22:58:00Z Yes, if the house conforms ... http://www.zillow.com/advice-thread/can-you-purchase-a-foreclosure-or-short-sale-with-an-FHA-loan/496411/ Yes, if the house conforms to the FHA's condition requirements. It should be habitable from day 1. Talk to a consultant, have him evaluate the property and identify the guidelines and requirements. Talking to experts will make the process of getting a loan easier. Sun, 29 Sep 2013 20:14:00 GMT http://www.zillow.com/advice-thread/can-you-purchase-a-foreclosure-or-short-sale-with-an-FHA-loan/496411/ 2013-09-29T20:14:00Z If the home meets FHA appraisal ... http://www.zillow.com/advice-thread/can-you-purchase-a-foreclosure-or-short-sale-with-an-FHA-loan/496411/ If the home meets FHA appraisal requirements, you can use FHA to purchase a short sale or foreclosure.<br/><br/>Just keep in mind that with short sale and foreclosure homes, because they have (in many cases) deferred maintenance, they may not qualify for FHA financing, but could possibly qualify for FHA 203k financing (a rehab loan).<br/><br/>A lender or agent can tell you what FHA looks for when appraising a home. That can help you decide whether to pursue a specific property using FHA financing. Mon, 10 Jun 2013 20:26:00 GMT http://www.zillow.com/advice-thread/can-you-purchase-a-foreclosure-or-short-sale-with-an-FHA-loan/496411/ 2013-06-10T20:26:00Z