All Forum Posts by: Simon Njuguna

 Its not a condo but definitely has a ton of issues since it's a 1910 building. We just negotiated to a figure which we thought could make sense to buy as is and then go ahead to put in some sweat equity. I am a first time home buyer, may be I shouldn't be going for a property this old

We just made an offer and the seller brought up the financing issue so he hasn't accepted the offer yet. He doesn't give a reason for not accepting FHA. Its a pretty old duplex with so much to fix and so I think he probably knows it won't go past the FHA appraisal

I have been interested in purchasing a certain duplex in my area and even made an offer on it. My lender had mentioned that I might be able to get a 5% down conventional loan. Upon underwriting it turned out that I make a little more than the threshold of qualifying for that kind of financing. I'm now required to put 15% down which is beyond my current budget. I definitely qualify for FHA loan but the seller is only doing cash or conventional. Do I still have a shot on this property in matters financing? I'll appreciate if anyone knows of a possible route to take

@Jacob Whitbeck

Hey guys, I live in Federal way, king county and would be willing to travel 30mins either North or South when we get a venue. Hope we bring this meet up into fruition