FHA Mortgage - Foreign-Owned Property Disqualifier?

[Ramsey Rimkeit]

Hi,

My wife and I are researching properties and are hoping to qualify for a First-Time Home Buyer FHA-insured Mortgage.

There's one potential problem: her parents put their apartment in her home country in her name for inheritance reasons. Will this disqualify her if we apply together?

We're considering selling the apartment to help us with the down payment since her mom will be moving to the USA. What if she transfers the apartment back to her mom's name and then her mom sells it? Will this make a difference? 

My wife is a resident of the USA but not a citizen. Her salary is significantly higher than mine and I don't think I will be able to qualify alone.

Thank you!