WHAT DOES IT MEAN? 

Some HUD-owned properties may contain a notice like the following: "FHA Financing Insurability: Uninsured." This indicates that the property requires repairs totaling more than the maximum allowable amount ($5500) in order to be eligible for FHA 203b financing. However, FHA 203k financing may be available to help the owner occupant repair the property. Otherwise, the purchaser must be ready to obtain conventional financing or pay cash for the property.