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Updated over 7 years ago,

User Stats

100
Posts
15
Votes
Patrick Boutin
  • Hayward, CA
15
Votes |
100
Posts

How long does CONV take to close?

Patrick Boutin
  • Hayward, CA
Posted

I write this as I had been advised to look more into conventional loans as opposed to FHA or FHA 203ks.

I have been considering FHA 203k and was told that offers submitted with this financing wouldn't be very interesting from the sellers perspective because of the PITA that lenders are. Specially in the ultra competitive market of SF Bay Area. There are so many buyers with money that sellers don't want to deal with you if you have FHA 203k. That's what several RE agents have told me.

From a seller's perspective how much more advantageous is an offer submitted with conventional financing as opposed to FHA?

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