Are all FHA approvals for a specific property?

[Anonymous]

We were intersted in two different properties.  Our lender said one property would be an FHA nightmare and gave me a pre approval letter that states the approval is for 123 Anywhere street.

I want to make an offer on the other house just to see if the sellers are willing to play the negotiating game but I don't have a pre approval that is just a pre approval letter.  My current mortgage company is willing to do a 5% conventional for me on the property but I seriously haven't heard back from them in days!  I don't want to wait any longer to see if the seller is willing to negotiate. Yes, I know I am impatient.  I am comfortable knowing my numbers that I will "fit" into the guidelines with the offer I want to present. 

Do you think that an offer without an approval letter has no strength? 

[mamahearts]

We have an FHA loan.  We got a general preapproval letter stating that we were approved for a loan up to $_____.   We gave that to our realtor with our offer and earnest money. 

Why did the LO think the other property would be a nightmare?

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@Anonymous wrote:

We were intersted in two different properties.  Our lender said one property would be an FHA nightmare and gave me a pre approval letter that states the approval is for 123 Anywhere street.

I want to make an offer on the other house just to see if the sellers are willing to play the negotiating game but I don't have a pre approval that is just a pre approval letter.  My current mortgage company is willing to do a 5% conventional for me on the property but I seriously haven't heard back from them in days!  I don't want to wait any longer to see if the seller is willing to negotiate. Yes, I know I am impatient.  I am comfortable knowing my numbers that I will "fit" into the guidelines with the offer I want to present. 

Do you think that an offer without an approval letter has no strength? 

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[Anonymous]

The property we want is 38 acres and has several outbuildings.  The lender I am pre approved with said the FHA UW indicated that wouldn't go FHA.  But I have heard from several other lenders they would have no problem going FHA.  WIsh I didn't have to switch lenders but I guess that is what I have to do.

He said he couldn't give me a pre approval letter because he didn't know what taxes would be and that would change the amount of my pre approval.