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

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

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

This really is section of a series that is ongoing we response often asked questions regarding FHA loans. Today’s question originates from Tammy in Tennessee, that has issues about using this home loan when purchasing a property.

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

The brief response: It is a fact that some vendors are cautious with accepting provides from home purchasers making use of FHA loans. Often these reservations are passed along through the estate listing agent that is real. In some instances, there could be genuine reasoned explanations why a vendor will never desire to utilize an FHA debtor. But most of the time, these issues are unfounded and unneeded.

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