Is it possible to retroactively increase purchase price with FHA?

[Meera Lakhavani]

Hi BP friends!

Does anyone know if you are allowed to change your purchase price with an FHA mortgage before closing?

My closing date is 10 days from now, underwriting is not complete, and the attorney review period has not ended. My appraisal came back for $11k over my purchase price. I was hoping to increase the purchase price to the appraised value and request a $11k credit for repairs. This does not exceed the maximum rules for FHA credits. My attorney is willing to request it as long as it is possible from a lending perspective. My lender is looking into it but I was hoping to get some clarity from you guys as well!

Thanks in advance,

Meera