Why Would a Seller Not require or Accept an FHA Loan Offer?

Why Would a Seller Not require or Accept an FHA Loan Offer?

By Brandon Cornett | © 2019, all legal rights reserved | Duplication prohibited

It is element of a continuous show where we solution often asked questions regarding FHA loans. Today’s question arises from Tammy in Tennessee, who’d issues about using this type of home loan when purchasing a house.

She asks: “Why would a vendor not require or accept an FHA loan when an offer is manufactured in the home? Are there any disadvantages that are legitimate owner with this particular home loan system? ”

The brief solution: It is a fact that some vendors are cautious about accepting provides at home purchasers utilizing FHA loans. Sometimes these reservations are passed along through the estate listing agent that is real. (suite…)

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