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Updated almost 9 years ago,
FHA Loan Under Appraised
I'm in the process of selling my primary residence and just went under contract. The buyer is doing a 3.5% FHA loan. Based on comps in the area were probably going to be about 10k off on the appraisal which is going to put a kink in the contract.
I'm trying to plan ahead - if the buyer does not want to put additional money down to get the ltv in line, what options do I have? If they negotiate, would I be able to give them the additional money down to cover? Appreciate any and all help!
Jeremy