I was wondering if any of you knew if there were any restrictions on FHA loans to buy a house that is owned by a relative. My hubby and I have been renting a house from my grandmother for a few years now and would like to buy it from her. We would probably have to do an FHA loan.
If you know the answer, could you please also provide the reference? I really need to find an official source for this info.
Thanks a million for any help you can offer!