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Business, 24.06.2021 17:40 domenica19

A buyer applied for an FHA 203(b) loan with a 3.5% down payment, and when he made an offer, he placed the appropriate financing information in the Third Party Financing Addendum for Credit Approval. The seller accepted his offer, but the buyer later found out that he did not qualify for the FHA 203(b) loan. So to be able to purchase the home with a conventional loan, he needs to put 20% down. The buyer cannot afford a 20% down payment; what should he do

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A buyer applied for an FHA 203(b) loan with a 3.5% down payment, and when he made an offer, he place...
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