How important is it to make sure you indicate on the MLS if a seller will/will not consider FHA financing?  Very.  How many calls and emails will it save? 

I believe this is why the MLS have a category for financing type.  Since FHA is coming back stronger than before, it is wise to assume that somewhere around 80-90% of the offers received and they are owner occupied will be FHA financing.  If not now, in the near future FHA will be the majority if the occupancy will be owner occupied.

Effective Dec 12, almost all of the FHA financing categories will require a 620 FICO score.  Things are changing in the lending world and it is going to get harder and harder to finance a home loan.

Thank you to those agents that either put it in the terms field or in their confidential agent remarks.  But when it is not on the mls at all - the first thing a buyer's agent will want to do is either call the listing agent or email them to get this information to avoid wasting their time on viewing this listing if it is not FHA.

The rant part: an agent that put no calls, no emails and have not indicated if FHA is possible.    This leaves us buyer agents in trouble with our buyers.

Oh and don't forget that some sellers cannot take FHA if they short of the 90 days required to resale the property to using FHA financing to a property that you just purchased (1-89 days).

So to make the home search a lot less stressful for agents and buyers -à Agents please use the terms field of the MLS and let us all know if FHA financing is possible. 

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