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Updated almost 9 years ago on . Most recent reply

Drew Scafani's profile image
Drew Scafani's profile image
Drew Scafani
  • from Memphis, Tennessee
  • Member since Apr 6, 2016
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Drew Scafani's profile image
Drew Scafani's profile image
Drew Scafani
  • from Memphis, Tennessee
  • Member since Apr 6, 2016
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Drew Scafani
  • Memphis, TN
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Buying & Selling Real Estate

203k loans

Drew Scafani
  • Memphis, TN
Posted

Hello,

My current loan officer is telling me to ask 9k over the appraisal price of a triplex that I am using a 203k loan for. The house is on the market for 159k is appraised for 156k and the loan officer wants me to offer 165k . The house has been on the market for over a year. He is talking about the owner paying for up to 6% of the closing costs. Does anyone know why he wants me to offer more? Should I offer less? Thanks.

-D

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