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re: Anybody done an FHA loan?

Posted on 12/9/18 at 7:19 am to
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7222 posts
Posted on 12/9/18 at 7:19 am to
Your first payment will generally be due the 1st of the month skipping one full month. So if you got a loan in DEC, your first payment wouldn’t be until Feb 1st.

I personally would wait a little closer to when you lease is up to try and make offers on houses. If you think this is a really good deal, then you could make an offer but put close within 60 days on the purchase agreement. That would give you two months before closing and your first payment wouldn’t be due until April 1.
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