FHA for Single Family House or Multi Family House in Astoria

[Jessica G.]

Hi BP Members!

I got into an interesting discussion with a Real Estate Agent in my area. The RE agent was clear in stating that no broker would even talk to someone looking for a FHA loan in Astoria, Queens as it is too high of value here. It is at the very least $200k in cash or no deals.

So my question for the BP Members is:

Is this True or False?

Thank you guys for all the help.

Have a fantastic day and keep investing in RE!

Best,

Jessica G