Zillow Advice: Buying Process - if you are preapproved for a fha loan http://www.zillow.com/advice-thread/if-you-are-preapproved-for-a-fha-loan/531344/ Zillow Advice | Zillow Real Estate No, you would be shopping ... http://www.zillow.com/advice-thread/if-you-are-preapproved-for-a-fha-loan/531344/ No, you would be shopping for a home that is no larger than 180,000. The max loan amount you are approved for is the 180k. The 6,300 is the down payment that will be part of the 180,000. So if you buy a home worth $180,000 and pay a $6,300 down payment, you will then owe 173,700.&nbsp;The best thing for you to do is to speak with a knowledgeable lender to see if you can get started on financing a new home.&nbsp;If you need additional assistance, feel free to reach out. Good luck! Fri, 07 Mar 2014 19:59:00 GMT http://www.zillow.com/advice-thread/if-you-are-preapproved-for-a-fha-loan/531344/ 2014-03-07T19:59:00Z You are searching for 180k, ... http://www.zillow.com/advice-thread/if-you-are-preapproved-for-a-fha-loan/531344/ You are searching for 180k, the amount your putting down is based off the 180k.&nbsp; I am a realtor in Lincoln so if you need assistance or have any more questions please feel free to contact me.&nbsp; <br/> Fri, 07 Mar 2014 18:41:00 GMT http://www.zillow.com/advice-thread/if-you-are-preapproved-for-a-fha-loan/531344/ 2014-03-07T18:41:00Z In my opinion the pre approval ... http://www.zillow.com/advice-thread/if-you-are-preapproved-for-a-fha-loan/531344/ In my opinion the pre approval letter should state the loan amount no matter what you are putting down because that is the number you are pre approved for before down payment.&nbsp; I lend in all 50 states.<br/><br/>Have an awesome day. Fri, 07 Mar 2014 18:33:00 GMT http://www.zillow.com/advice-thread/if-you-are-preapproved-for-a-fha-loan/531344/ 2014-03-07T18:33:00Z No, you should be shopping ... http://www.zillow.com/advice-thread/if-you-are-preapproved-for-a-fha-loan/531344/ No, you should be shopping at best for 180,000 because the 3.5% refers to the contract price, if you sign a contract for $186,300&nbsp; 3.5% is now $6520. Please keep in mind that you should also find out from your lender what to expect in terms of closing costs, as well as other expenses needed before the closing (home inspection or termite inspection for example). Fri, 07 Mar 2014 18:20:00 GMT http://www.zillow.com/advice-thread/if-you-are-preapproved-for-a-fha-loan/531344/ 2014-03-07T18:20:00Z