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Updated about 3 years ago on . Most recent reply

Apostolos Karnavas's profile image
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Apostolos Karnavas
  • Flipper/Rehabber
  • from NJ (new jersey)
  • Member since Jun 17, 2020
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Apostolos Karnavas's profile image
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Apostolos Karnavas
  • Flipper/Rehabber
  • from NJ (new jersey)
  • Member since Jun 17, 2020
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Apostolos Karnavas
  • Flipper/Rehabber
  • NJ (new jersey)
5
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24
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Buying & Selling Real Estate

Under Contract but lending falls through - Options

Apostolos Karnavas
  • Flipper/Rehabber
  • NJ (new jersey)
Posted

If I am buying a home and my lending falls through because the property doesn't meet the front-end ratio rule what are my options for obtaining alternate funding and ensure I will close on the same date?

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Scott Wolf's profile image
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Scott Wolf
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  • from Boca Raton, FL
  • Member since Jun 10, 2014
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Scott Wolf
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  • from Boca Raton, FL
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Scott Wolf
  • Lender
  • Boca Raton, FL
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Scott Wolf
  • Lender
  • Boca Raton, FL
Replied

@Apostolos Karnavas, @Nathan Grabau asks some good questions.  Also, is it a personal home, or an investment property?  More details always help get better answers.

  • Scott Wolf
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