FHA Loan

[Eric Hornung]

Hello, I'm a new investor in Cleveland, OH. I have a simple question that - after searching the site and internet - I can't find a clear answer to. That question: In order for a property to qualify for an FHA loan, does the property have to be purchased off the MLS or can it be purchased directly (off-market)?

[Federico Gutierrez]

It doesn't need to be on the MLS

The seller has to agree to accepting an offer from an FHA buyer. They can choose not to either be Conventional or CASH. FHA is a pain at times