Primary loan on an auction?

[Alex D.]

Hey BP community!

First I would like to say thanks to everyone who dedicates the time to help people out. I enjoy the community feel and do hope I get to contribute as I learn more.

You're right, get to the point! So has anyone had any luck or is it even possible to use a FHA or VA loan to purchas a house set up for auction? In your experience do you think banks have an issue trying to give out those type of loans?

[Naveen Desai]

Hi @Alex D., 

Just wanted to add my experience. Although, I have never used FHA and ( not eligible for VA), I have used commercial loans on 3 auction properties (flipped). Many a times auction properties cannot be inspected and that becomes a bottleneck for FHA loans.

Thanks. 

Naveen.