Short answer: it’s either ignorance on the seller’s part, or the property cannot pass the FHA inspection that is required. Long answer: Lately, FHA loans are harder to finish and close. There is a set of FHA rules. In addition to those rules, “investors,” the entities that buy the “paper” on Wall Street, can add [...]
FHA 203K loans require a little more coordination than a traditional loan would. In order to ensure we have a closing that is as smooth as possible and on TIME I have created this post to guide you Realtors on how you can us assist us AND your clients in getting our FHA 203K loan closed.
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