Updated over 3 years ago on . Most recent reply
Non FHA property should lower market value?
I am under contract on a condo and while doing conventional mortgage, my lender found out that condo association has more than 50% properties are investment properties. This disqualifies for FHA loan.
I can still terminate the contract as j s as i m under contingency however I want to check with gurus here if this lowes the market value of the property? Does it mean I should negotiate lower purchase price?