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Originally Posted by Dond1959
We built 2 years ago and we were informed verbally and in writing that VA/FHA we’re not acceptable for closing on a new home. If you were not informed verbally and in writing that is on your sales agent. How did your sales agent respond when you confronted them with the issue?
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We just closed 6 weeks ago in TV and the contract stated that we had 30 days to close or we would be subject to high per day financial penalties. We were advised that the Villages does not accept anything except conventional financing because there is no way an FHA or VA loan can close in 30 days and TV will not make any accommodations for any requirements that FHA and VA loans require. What does your signed contract state regarding financing?
If you can close an FHA loan within 30 days, without any requirements put on TV, then I would doubt TV would care. Were you able to get an FHA loan with a guaranteed 30 day closing and waiving the home inspection, etc.? We just closed on our previous home last week and it was an ordeal for the buyer to get their conventional loan closed in 45 days due to everyone in the chain being backed up.