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Can an FHA is got by you loan for home acquired at auction?
Exactly what are FHA property that is ineligible?
- Non FHA authorized condominium jobs and/or projects that are cooperative
- Manufactured/mobile houses. Manufactured housing is understood to be any dwelling constructed on a permanent framework. Manufactured domiciles are ineligible whether or not the towing hitch, tires and axles have already been eliminated.
- Condo Hotels, also called Condotels, that are jobs handled or operated as hotel/motel or were hotel/motel conversions
- Original properties
- Farms, orchards, ranches and properties that are rural 10 acres
- Mixed use must adapt to domestic nature associated with the community, and commercial use cannot exceed 25% associated with gross living area.