How can we buy a house with an FHA loan?

My father is looking for a house to purchase, and has been approved for an FHA loan. The trouble he's having is that every time he finds a house that he likes, it is snatched up by some deep-pocketed investor who comes in waving cash in the listing agent's face. Sometimes a listing is taken within 24... show more My father is looking for a house to purchase, and has been approved for an FHA loan. The trouble he's having is that every time he finds a house that he likes, it is snatched up by some deep-pocketed investor who comes in waving cash in the listing agent's face. Sometimes a listing is taken within 24 hours of being put into the MLS system. I feel like we cannot compete with buyers who come in either with cash or a conventional loan. It's frustrating, to say the least. How can ordinary people like my father stand a chance at buying a house with an FHA loan in today's market?
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