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Updated over 10 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Charles Lewis
  • Detroit, MI
1
Votes |
7
Posts

Homepath offer above asking - is appraisal required?

Charles Lewis
  • Detroit, MI
Posted

I am planning on buying a Homepath property and financing it with Homepath financing. I know Homepath properties don't require an appraisal because they try to set their prices square on the appraisal amount. However, I'm planning on offering a few thousand above asking. Will Homepath give me a mortgage for the amount of my offer if it's above asking or will I need to prove that I can bring cash to the table if they'll only finance up to the asking price?

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