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

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

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

This really 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 home loan when purchasing a property.

She asks: “Why would a vendor not need or accept an FHA loan whenever an offer is manufactured in the household? Are there any legitimate drawbacks to the vendor using this home loan system? ”

The quick response: It is a fact that some vendors are cautious with accepting provides from your home purchasers utilizing FHA loans. Sometimes these reservations 1 year installment loans are passed along through the estate listing agent that is real.

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