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re: 10% down on a double
Posted on 7/28/14 at 10:26 am to The Hamburglar
Posted on 7/28/14 at 10:26 am to The Hamburglar
quote:
We put in an offer on a house with FHA financing, but they countered with us getting conventional financing. We have the 10% down, but all banks are telling us we need 20%.
Confused here... the seller countered telling you to get conventional? Why would the seller care what sort of financing you got, as long as you were pre-approved FHA?
Are you going to live in one half of it?
2
Posted on 7/28/14 at 11:02 am to LSUFanHouston
Takeout two loans. One for 80% and one for 20%.
Posted on 7/28/14 at 11:27 am to LSUFanHouston
seller worried the house wouldn't pass FHA inspection....it's listed in "very good" condition, but certainly needs some help.
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