Which of the following types of property can be purchased with an FHA 203b loan?

FHA 203b loans are specifically intended for residential properties and do not cover agricultural properties. A farm, even if it has a tenant, does not meet the criteria for a residential mortgage as outlined by the FHA, which focuses on properties intended for human habitation rather than agricultural purposes.

While the FHA 203b loan allows for the purchase of multi-family homes, it is limited to properties with up to four units. An apartment complex typically consists of more than four units and therefore would not qualify for financing under the FHA 203b program, which restricts eligibility to smaller residential buildings.

The FHA 203b loan is not applicable for purchasing vacant land. This type of loan is geared towards properties with existing residential structures. Vacant land does not provide a residence and thus does not meet the FHA's requirements for funding.