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FHA does not prohibit this. However, if you change the contract your seller could take quite a while to "re-approve" the sales contract. Another option to consider is to add in the cost of repairs to the loan amount, which is allowable per FHA. See guidance bel

Repairs and improvements required by the appraiser as essential for property eligibility and to be paid by the borrower may be added to the sales price before calculating the mortgage amount. (The appraised value will reflect these requirements.) For the cost of repairs and improvements to be eligible for inclusion in the mortgage amount, the sales contract or addendum must identify the borrower as responsible for paying for or otherwise completing the repairs or improvements.

The amount that may be added to the sales price before calculating the maximum mortgage amount is the lowest of:

a) The amount the value of the property exceeds the sales price; or
b) The appraiser's estimate of repairs and improvements; or
c) The amount of the contractor's bid, if available.

Only repairs and improvements required by the appraiser may be included. Any repairs completed by the borrower on the property before the appraisal is made are not eligible for inclusion in calculating the maximum mortgage. The amount that cannot be financed into the mortgage will become part of the borrower's required cash investment.

If repairs cannot be completed before loan closing due to weather-related delays, the lender must establish an escrow account to ensure eventual completion of all required repairs. See HUD Handbook 4145.1 REV-2 for details. Weatherization and energy efficiency improvements may be included if they qualify. If the weatherization items cannot be completed before loan closing due to weather-related delays, the lender must establish an escrow account to ensure eventual completion of all items. See HUD Handbook 4145.1 REV-2 for details.

The amount that may be added in calculating the maximum mortgage is:

a) $2000 without a separate value determination; or
b) Up to $3500 if supported by a value determination by an approved or FHA roster appraiser or DE underwriter; or
c) More than $3500 subject to a value determination by an approved or FHA roster appraiser or DE underwriter and a separate on-site inspection made by a FHA-approved fee inspector or DE staff appraiser.

The cost of solar energy systems may be added directly to the mortgage amount (before adding the UFMIP) after applying the LTV ratio limits. The statutory mortgage limit for the area also may be exceeded by 20 percent to accommodate the cost of the system. The amount that may be added to the mortgage is limited to the lesser of the solar energy system's replacement cost or its effect on the property's market value. Both active and passive solar systems are acceptable, as are wind-driven systems. See HUD Handbooks 4150.1 REV-1 and 4930.2 for details.

When purchasing HUD-owned property using FHA financing, 100% of the repair escrow may be financed.