Using an FHA Loan to Finance Off-market Deals

[Miles Gastil]

I’m looking to house hack a multi family property in a hot market. 

My goal was to try and find an off market deal with a motivated seller, but I don’t have the capital to seller finance. 

Can anyone advise on the process of using an FHA loan to finance an "off-market" deal if that's possible? Or does the property have to be posted on the MLS in order to take advantage of the FHA?

Thanks in advance for the insight. 

[Kyle M.]

@Miles Gastil the only thing I could think of is if the seller looks at your offer and sees you are financing with FHA they may know their property wouldn't pass inspection and see that as a red flag.

If the property is being sold "as is" and needs work you can get a 203k loan or Fannie Mae HomeStyle renovation loan. Both are limited down payment renovation loans you can use to buy properties that need rehab work. The lender will fund the purchase of the property in addition to renovations for a limited down payment.