Can you Subject to an FHA loan?

[Terry Majchrzak]

Ok ya'll, long time BP learner, first time poster. My name is Terry! I'm from Buffalo, NY ( GO BILLS). I've come across a property about an hour away from me. The owner's daughter posted a " presale" ad about the property. 

    The current owner is getting older and needs to move back home (according to family) towards my hometown. I am interested in this property for a number of reasons.

1. Its right along the route of my son who lives about 40 minutes away. 

2. HUGE ski country/ Air B&B/ vaca rental opportunity. 

the daughter, whom i spoke to, said that they owe the majority of the mortgage...however its an FHA loan. I have a nice down payment as was gonna offer a potential subject to if i paid their profits/ closing costs...but can you subject to a loan not in bad standing/ FHA? thanks guys!

[Andrew Postell]

@Terry Majchrzak you can certainly do a "subject to" on an FHA loan but FHA loans are also "assumable" too. You could just assume the loan and remove it from their credit entirely. Look into that route as well. Thanks!