Talk of The Villages Florida - View Single Post - New Homes can't close FHA
Thread: New Homes can't close FHA
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Old 03-02-2013, 07:19 AM
aussiemom aussiemom is offline
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Quote:
Originally Posted by TraceyMooreRN View Post
So, explain to me that the TV will not write in their contracts that they can't sell new construction FHA or VA?
Have a contract due to close 3/12- found out 3 days ago--can't use my FHA loan. Which brings cash to close up another 15,000 + and nobody seems to care or offer to help with closing cost!
Can't comment on new homes since we purchased pre-owned, but I am sure you could have used VA or FHA on a pre-owned without any problem. Were you preapproved with your FHA loan prior to purchasing? And didn't anyone say anything to you before since you would have had a prequalification letter showing it being an FHA loan? Sorry I don't have any leads for obtaining the additional $15,000. Do you have 401Ks or Roth IRAs you can tap (depending on your age of course).