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Updated over 5 years ago on . Most recent reply

Tommy Calkins's profile image
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Tommy Calkins
  • Rental Property Investor
  • from Chicago, IL
  • Member since Apr 22, 2019
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Tommy Calkins's profile image
Tommy Calkins's profile image
Tommy Calkins
  • Rental Property Investor
  • from Chicago, IL
  • Member since Apr 22, 2019
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Tommy Calkins
  • Rental Property Investor
  • Chicago, IL
11
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19
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General Landlording & Rental Properties

Why I keep seeing “no FHA”

Tommy Calkins
  • Rental Property Investor
  • Chicago, IL
Posted

Hey guys. I'm on Realtor.com looking at properties and I've come across a lot of properties that in the description say "no FHA" and I'm just wondering if anyone knows why that is. Wouldn't the seller be getting the same amount of money either way

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Kenneth Garrett's profile image
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Kenneth Garrett
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  • from Florida Panhandle/Illinois
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Kenneth Garrett
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  • from Florida Panhandle/Illinois
  • Member since Dec 1, 2016
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Kenneth Garrett
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  • Florida Panhandle/Illinois
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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
Replied

@Tommy Calkins

There are a couple of things going on. The property might not pass FHA inspection. Distressed properties don't qualify. FHA is a pain for the seller. Additional inspections. On one property they required two appraisals.

  • Kenneth Garrett
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