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Updated about 9 years ago on . Most recent reply

Kelly Smith's profile image
Kelly Smith's profile image
Kelly Smith
  • Lender
  • from Across US
  • Member since Mar 3, 2015
Connect

User Stats

66
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18
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Kelly Smith's profile image
Kelly Smith's profile image
Kelly Smith
  • Lender
  • from Across US
  • Member since Mar 3, 2015
Connect
Kelly Smith
  • Lender
  • Across US
18
Votes |
66
Posts
Buying & Selling Real Estate

FHA dictates loan amount on property being bought from them?

Kelly Smith
  • Lender
  • Across US
Posted

We have a sales contract with an Investor who is purchasing a property from FHA and the language in the contract dictates the max loan amount the Buyer can obtain. This struck me as odd because FHA is the Seller - why would they care how much financing the Buyer is getting if they (FHA) is getting paid off?

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