Can an FHA loan be obsessed about land agreement?

We have a 738 credit history with a buy monthly earnings of $10k. 3 yrs ago I let my own house go as it had been an arm mortgage and I also was paying $1500/month on a home which had $65k negative equity that I only owed $100k on. It wasn’t that i possibly couldn’t pay for it, it absolutely was so it could be stupid for me personally to help keep paying for a dead horse. I cannot get convential financing for another couple of years. my parents offered this to us, we never once proposed it. My present lease is $1200 as well as the payment due to their household could be $1050/month. So YES it can be afforded by me. I’m not retarded. I wonder how many of you’ll say you make over $ month that is 10k you think youre better than [...]