Offer accepted on 1 property while under contract for another??

[Jared Smith]

I just found out my offer has been accepted on a property that I offered on like a month and a half ago. I'm excited, however I am already under contract for an other property and won't close for another 2 weeks.  Using Conventional financing.

Any ideas on what I can do? If I recall, you cannot have 2 conventional loans under contract at the same time.

[Dustin Allen]

@Jared Smith

You can do two loans at once.  Both lenders need to know about the other loan.  They will give you a form to give to the other lender that shows what each is doing.  Keep in mind, you still need to be able to qualify for both.