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Updated about 8 years ago on . Most recent reply

User Stats

66
Posts
29
Votes
Simon Wold
  • Investor
  • Seattle, WA
29
Votes |
66
Posts

**HELP** Problem with my FHA loan!

Simon Wold
  • Investor
  • Seattle, WA
Posted

Hello All,

So I am scheduled to close on a 4-plex at the end of the month. I Just received the title and it states that each unit is actually a separate condo! My lender called and said that they can't provide an FHA loan on "condos". Is there any way the seller can convert these "condos" back into apartment units? Any other solutions / advice would be greatly appreciated.

Here is a link to the property just in case its needed: https://www.redfin.com/WA/Lacey/6116-Glen-Mary-Ln-SE-98503/home/15687705

Thanks,

Simon Wold

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