Updated almost 10 years ago on . Most recent reply
Changing loan types on HUD after the bid was accepted?
When our real estate agent was submitting an offer to HUD, they checked the 203K box. Our bid was accepted, and It turns out now that the house does not need as many repairs as we were expecting. We were wondering if we can change the 203K loan to a conventional loan, or if that would change the contract, and cause the house to go back on the market. We only have 48 hours to get everything in, and we don't want to do anything incorrectly.