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All Forum Posts by: Drew Scafani

Drew Scafani has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: 203k loans

Drew ScafaniPosted
  • Memphis, TN
  • Posts 1
  • Votes 0

Hello,

My current loan officer is telling me to ask 9k over the appraisal price of a triplex that I am using a 203k loan for. The house is on the market for 159k is appraised for 156k and the loan officer wants me to offer 165k . The house has been on the market for over a year. He is talking about the owner paying for up to 6% of the closing costs. Does anyone know why he wants me to offer more? Should I offer less? Thanks.

-D

0 Votes