Definitely. If you qualify for FHA financing, than a small home is the way to go and probably easier than trying to determine which condo would allow FHA financing. I wouldn't worry about "red tape"...if the home is habitable with running water ( you can ask your lender more exact requirements but they aren't that difficult anymore) and go for it! Great idea.... this could work out even better for you as an overall investment. Generally speaking, you will experience greater appreciation in a home than in a condo. Good luck and Enjoy it.Geriwww.homesbygeri.com
This is a very dynamic market with many buyers out there.  Have you determined the true value of your home in todays market?  This is your key to getting your home sold.  It's the best time to buy so I suggest the priority is an Aggressive Asking price in addition to an experienced, professional and full time agent to get the job done for you.  Now... is the window of opportunity.  If you really need to sell.. take advantage of this market  by pricing it right and hiring the right professional. Good luck.GERI[content removed by moderator for being self promotional]
Can you use an FHA loan to buy a house that is a foreclosure? What red tape is involved? Thank you!
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