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Updated over 2 years ago, 04/07/2022

User Stats

4
Posts
2
Votes
Charlene Byssainthe
  • New to Real Estate
  • Atlanta, GA
2
Votes |
4
Posts

Is the Fannie Mae home style loan competitive enough?

Charlene Byssainthe
  • New to Real Estate
  • Atlanta, GA
Posted

Are people finding that in this market it’s harder to get under contract on a property with a Fannie Mae Homestyle loan? My husband and I are trying to purchase, but the prices in ATL are crazy. We thought it’d be a little easier to find a home that required some renovations and do the rehab/mortgage wrapped in one. But our realtor is saying that people are less inclined to sell to you if you have this type of mortgage, making it take longer to close/harder to find a property. Is that true? 

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