Posted on: 13th Dec, 2010 05:55 pm
trying to buy a condo, but it isnt on the FHA website currently but was told it may take 4-6 weeks to have that done.
hi pid!
welcome to forums!
you can take out a conventional mortgage in order to buy the property. after 8-10 months, if you've equity in your property, you can apply for a fha loan to refinance the existing mortgage.
feel free to ask if you've further queries.
sussane
welcome to forums!
you can take out a conventional mortgage in order to buy the property. after 8-10 months, if you've equity in your property, you can apply for a fha loan to refinance the existing mortgage.
feel free to ask if you've further queries.
sussane
Great! Thanks for your response. I am wondering if while I have an offer on a condo if I can switch to FHA before I close in order to save me money on the down payment? T
Hi pid,
You can try to switch to a FHA loan in order to save on your closing costs if the property is transferred in your name.
Thanks
You can try to switch to a FHA loan in order to save on your closing costs if the property is transferred in your name.
Thanks