Tim needs to know what measurements Dave considers earlier than investing in residential real estate. It’s true that many condos aren’t eligible for FHA financing, as far as why the lender chose FHA I do not know. Could be low credit score scores or some other problem, or no subject at all. In all probability best to ask in the event you qualify by way of the traditional route (and to what buy price) so you may continue your search.
We do not require a direct application from the homebuyer. Deciding on your lender is the first step within the course of; your lender will likely be your point of contact throughout the mortgage process. They may work with you to obtain a program qualifying mortgage and register you for HOME Plus help. If you wish to decide if you happen to qualify for the RESIDENCE Plus help and the … Read More