Getting your FHA offer Accepted-by FHA Los Angeles Realtors Munson Realty

Getting your FHA offer Accepted  

by FHA Los Angeles Realtors Munson Realty

Getting your FHA offer Accepted-It's not always about getting the "good deal"- It typically takes the FHA buyer 1 or 2 "lost deals" to get up to speed on how to make an FHA offer that the seller will accept.

FHA is a wonderful program because of the relaxed requirements on the credit score and low down payment (3.5%). But when you are competing against conventional or all cash offers with FHA, it's real easy for your offer to go to the back of the line, especially if you are low balling.

Why is that? Well, FHAis real picky about the property condition, there are certain guidelines the home or condo must meet to satisfy FHA. While this is great for the buyer, it is cumbersome for the seller who must make all the repairs. Also, when comparing an FHA offer with 3.5% down and a Conventional offer with 20% down, which would you choose if you were the seller?  Don