Getting a FHA loan on an off market deal

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Getting a FHA loan on an off market deal

Matt Barber
Rental Property Investor · Oklahoma City, OK · Member since 2018 · 7 posts · 2 votes
To this point in my real estate journey I’ve only bought properties on the MLS with an agent. My next step is to house hack through a FHA loan. With that being said can you get a FHA loan on an off market deal that you put under contract without an agent?
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Russell BrazilBusiness Member
Moderator
Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
7y

Sure. The property just needs to meet FHA condition guidelines.

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  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    7y

    Sure. The property just needs to meet FHA condition guidelines.

    [email protected]301-893-4635Podcast Guest on Show #192
    District Invest Group545 Reviews
    WebsiteView Page
    1Reply
  • Lien VuongBusiness Member
    Real Estate Agent · Boston, MA · Member since 2018 · 2k+ posts · 1k+ votes
    7y

    Yes, lenders dont care HOW to procure the property - agent or no agent - as long as the seller has clean and clear title and is the actual person who can convey that property. You can submit this to your FHA lender and they will do the due diligence.

    Because you're not getting the assistance of an agent you will be responsible with some of that part and paperwork requests, you can mitigate that by having a clear and open communication line with your seller. Good luck!

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  • Matt Barber
    OP
    Rental Property Investor · Oklahoma City, OK · Member since 2018 · 7 posts · 2 votes
    7y
    @Russell Brazil Thank you Russell! Good to know
    0Reply
  • Matt Barber
    OP
    Rental Property Investor · Oklahoma City, OK · Member since 2018 · 7 posts · 2 votes
    7y
    @Lien Vuong Thank you Lien! Good to know that I’m not tied down to an agent!
    1Reply
  • Andrew PostellPro Member
    Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
    7y

    @Matt Barber just to confirm what was mentioned above, a lender should not care how the property is acquired. It does not have to be listed to qualify for FHA nor do you have to use an agent. Plenty of FHA loans close without either of those items. Good luck!

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