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Updated about 5 years ago,

User Stats

23
Posts
15
Votes
Jelani Fearon
  • Rental Property Investor
  • Hackensack, NJ
15
Votes |
23
Posts

Short on money for FHA Downpayment

Jelani Fearon
  • Rental Property Investor
  • Hackensack, NJ
Posted

Peace to the forum. So my partner and I recently got pre-approved for 224k from a direct lender and he suggested that we get an FHA and put around 7k down on a property. The problem is we're short on the money. I asked if I could find another lender to cover some of the downpayment and the original lender denied this. What should I do? I could keep saving obviously but I want to see what my other options are to come up with the rest of the money. Any suggestions?

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