Buying A Short Sale With An Fha Loan | Bonus Inside |

If you are looking to purchase a short sale property using FHA financing, keep these hurdles in mind:

You must intend to live in the home as your primary residence. FHA loans cannot be used to buy short sales as investment properties or rentals. Buying a New Home After Your Own Short Sale buying a short sale with an fha loan

If you previously sold a home through a short sale and now want to buy a new one with an FHA loan, different rules apply: Rules for FHA Loans Following a Short Sale If you are looking to purchase a short

If you use an FHA loan to buy a property that is also currently under an FHA short sale, the seller (via HUD) may allow up to a 3% credit toward your closing costs. If you use a non-FHA loan, this credit is usually capped at 1%. If you use a non-FHA loan, this credit