What should I know about selling a house with an FHA loan?

Answer by  patti (29325)

If FHA holds your mortgage, you will satisfy the debt upon receipt of the funds for the sale of your home. Concerns about FHA regulations and requirements are primarily an issue for the buyer who is seeking mortgage through FHA.

Answer by  withluck (1745)

If you are asking about selling your home that has an FHA loan on it already, you will need the buyers to get a new loan since FHA loans are non-assumable. If you mean buying a house and purchasing with FHA financing, then you will need to qualify for the financing as well as the house condition qualifying.