Is FHA Offer's Real That Bad ?

[Kareem Lyons]

Hi 

I've been working for a buyer for 3 months. Over the course of that time I have submitted at least 4 offers. All offer have been denied because she can only do FHA. Now I know the issues that can show up with FHA loans but is it really that bad ?. I have a buyer that REALLY needs to buy a home for personal reasons and all sellers deny her. We have waived remedies , waived home warranties , offered money ( She has alot of funds saved but lower credit ) and nothing works. I have the chance of losing a big client because of this issue , Please offer advise.

Thanks 

[Steve Vaughan]

I sold 3 last year and wouldn't allow FHA or VA. The homes were older and there are too many conventional borrowers out there. Didn't want to wait 3-4 weeks only to have the fha appraiser give me 'the list'. Too bad. Buyer isn't allowed to help pay and it won't fund without remedy.

2 of them did 3% down conventional loans.  They must have gone to an in-state school.