a buyer with a conventional loan or a cash buyer. In some of our Southeast Regional MLS in South Florida listings may read: "cash buyers only" or: "no FHA offers". I wrote pretty tight offers, went armed with underwriting scores, proof of funds to close, credit worthiness, and NADA!! Buyers were dumped -in one case- after a month of waiting. One of these buyer's offer was read way AFTER the transaction was close.
Let's take a look at what the U.S. Department of Housing and Urban Development has to say about the history of FHA: Download The History of FHA