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Updated almost 5 years ago on . Most recent reply

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10
Posts
1
Votes
Jonathan Marrow
  • Richmond, VA
1
Votes |
10
Posts

From a 203k conventional loan to a conventional loan

Jonathan Marrow
  • Richmond, VA
Posted

I started the process for a 203 k conventional loan for a residential primary residence and estimated the rehab wrong. The rehab cost are more than I estimated which made the closing cost higher. In order for me to complete the deal, am I able to go back to a regular conventional loan to afford the down payment and closing cost? Thank you to those who reply to this question.

Most Popular Reply

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2,367
Posts
746
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
746
Votes |
2,367
Posts
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

@Jonathan Marrow The file has to resubmit again with new product-most of the lender has this requirement but you can ask your lender if they  can flip to other product. 

  • Harjeet Bhatti
  • Loading replies...