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Updated over 7 years ago on . Most recent reply

Ray Minjarez's profile image
Ray Minjarez's profile image
Ray Minjarez
  • from San Antonio, TX
  • Member since Mar 16, 2018

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13
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1
Votes
Ray Minjarez's profile image
Ray Minjarez's profile image
Ray Minjarez
  • from San Antonio, TX
  • Member since Mar 16, 2018
Ray Minjarez
  • San Antonio, TX
1
Votes |
13
Posts
Private Lending & Conventional Mortgage Advice

FHA loan property under market value

Ray Minjarez
  • San Antonio, TX
Posted

Is it possible to get an FHA loan on a property that is under market value?

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Michael N.'s profile image
Michael N.'s profile image
Michael N.
  • Investor
  • from Arlington, Virginia
  • Member since Jun 20, 2016

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67
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Michael N.'s profile image
Michael N.'s profile image
Michael N.
  • Investor
  • from Arlington, Virginia
  • Member since Jun 20, 2016
Michael N.
  • Investor
  • Arlington, VA
65
Votes |
67
Posts
Michael N.
  • Investor
  • Arlington, VA
Replied

Multi-family is very rare in my area. Not many comps to compare to.
As a result, I FHA’d a duplex, it appraised for 100k over purchase price. Refinanced a few months later. It’s possible. Good luck.

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