Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
BiggerPockets Exclusive PRO Area
PRO
General Real Estate Investing
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
Commercial Real Estate Investing
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Innovative Strategies
Mobile Home Park Investing
Multi-Family and Apartment Investing
Land & New Construction
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions presented by
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Personal Finance
Creative Real Estate Financing presented by
Insurance
Private Lending & Conventional Mortgage Advice
Tax, SDIRAs & Cost Segregation presented by
Foreclosures
1031 Exchanges presented by
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing

Updated over 7 years ago on .

Meera Lakhavani's profile image
Meera Lakhavani's profile image
Meera Lakhavani
  • from Boston, MA
  • Member since Sep 9, 2016

User Stats

31
Posts
5
Votes
Meera Lakhavani's profile image
Meera Lakhavani's profile image
Meera Lakhavani
  • from Boston, MA
  • Member since Sep 9, 2016
Meera Lakhavani
  • Boston, MA
5
Votes |
31
Posts
Private Lending & Conventional Mortgage Advice

Is it possible to retroactively increase purchase price with FHA?

Meera Lakhavani
  • Boston, MA
Posted

Hi BP friends!

Does anyone know if you are allowed to change your purchase price with an FHA mortgage before closing?

My closing date is 10 days from now, underwriting is not complete, and the attorney review period has not ended. My appraisal came back for $11k over my purchase price. I was hoping to increase the purchase price to the appraised value and request a $11k credit for repairs. This does not exceed the maximum rules for FHA credits. My attorney is willing to request it as long as it is possible from a lending perspective. My lender is looking into it but I was hoping to get some clarity from you guys as well!

Thanks in advance,

Meera

1 Vote
Follow
0 Replies
Log In or Sign Up to Reply