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Updated over 7 years ago on . Most recent reply

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Mohammad K.
  • Natick, MA
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Financing options for property on Hubzu

Mohammad K.
  • Natick, MA
Posted

I am planning to bid on a property on Hubzu. Conventional financing is considered for this property. When I tried to place my bid I noticed that hubzu gave maximum 21 days to secure a conventional mortgage and maximum 35 days for closing. My understanding is that it takes at least 30 days to secure a conventional mortgage. I am wondering if conventional mortgage is a really a viable option in this situation. (at this moment I am not considering hard money lending options). Thanks in advance for your suggestions.

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