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Updated about 3 years ago on . Most recent reply

Rafael Norat's profile image
Rafael Norat's profile image
Rafael Norat
  • Investor
  • from Lodi, NJ
  • Member since May 2, 2013
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Rafael Norat's profile image
Rafael Norat's profile image
Rafael Norat
  • Investor
  • from Lodi, NJ
  • Member since May 2, 2013
Connect
Rafael Norat
  • Investor
  • Lodi, NJ
179
Votes |
487
Posts
Private Lending & Conventional Mortgage Advice

FHA 203K question with regards to the ARV appraisal

Rafael Norat
  • Investor
  • Lodi, NJ
Posted

Hey BP Community.

I have a property currently under contract with 10 day inspection period. We are using an FHA 203K loan. Does anyone know if the ARV appraisal results are usually available within the inspection period?

My concern is that the ARV appraisal comes in lower than expected AFTER the inspection period and we don't have an out close at that point. The property isn't worth the investment without the rehab loan.

Thanks.

Rafael

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