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12-23-2020, 10:11 AM
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Sage
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Join Date: Aug 2016
Location: village of Fenney, Ford City, Pa., and Hudson, Ohio
Posts: 4,684
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Thanked 4,917 Times in 1,688 Posts
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Quote:
Originally Posted by Dlbonivich
Honestly they do not have to accept an FHA loan, but most can close in 30 days if you use the right mortgage broker. I would see no reason a resale owner would not accept an FHA. It can be used the same as a conventional, really no different. Most people equate FHA with seller having to pay closing costs, but that is negotiable. Really no other additional requirements, unless your house is in serious disrepair. I have my FHA buyer completely qualified before we look, then the only outstanding qualifiers are the appraisal and insurance. Andrea Bonivich, Sellstate Superior Realty
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They are referring to a new home not a re-sale.
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