First time to buy in the States.

[Mohammed Ahmed]

Hi everyone! I am planning on buying my first Multi family house this fall, did some due diligence and the numbers seemed to be working just fine. My plan is to house hack. I did some research on the top lenders in Maine where I want to buy and it seems to be that every lender has the same basic criteria for FHA loan is this true? Shouldn't be a competitive and a little bit different from one lender to the other? Any advice to convince the seller to pay the closing costs or at least part of it?

Thank to all of you!

[Aaron K.]

No FHA will be reasonably consistent as will most other loan products, the only thing you can expect to vary from lender to lender will be their fees and possibly the interest rate (but usually not by much). The better price and terms you offer the seller the more likely they are to want to pay for closing costs, you can always ask regardless of your offer but they can always say no too.