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Can an FHA buyer still purchase a condo in Long Beach, California? Well, that depends on who you talk to. A lender can tell you that they can do a loan all day long but at the end of the transaction when the talking stops and the funding is due to occur and it can't then it doesn't really matter what they said before. The point is that lending guidelines are changing daily. If we are not updating our knowledge about what is happening in the mortgage industry right now, we may as well not even be Realtors!