FHA Mortgages and Houses Near Gas Stations

One thing to lookout for when shopping for a home with a FHA pre-approval is you don’t want to purchase a house within 300 feet of an above ground or subsurface stationary storage tank with a capacity of 1,000 gallons or more that holds flammable or explosive material. We would not be able to get you a FHA mortgage on that type of property. So if it looks like to you that the house you’re interested in is close to a gas station, make sure that you ask your realtor how far away it is from the tanks.

This does not pose a problem with a conventional mortgage, so if you have your heart really set on a property that’s within 300 feet of the tanks, ask us if you qualify for a conventional mortgage.