House hack: Too many steps to buy a home with FHA loan?
Hello all,
I am speaking with a loan officer in regards to house hacking with FHA loan and they keep recommending I use a conventional, due to the fact that there is too many extra steps associated with FHA loan and sellers typically deny the buyer and do not want to do these extra steps. I'd like to utilize FHA loans the best I can, what kind of insight could you guys provide for me? Should I privately contact the seller first? Thanks it advanced!
@Jose Aguilar- ask the lender to outline both fha and conv current pricing using same purchase price and down paymnet and compare ....keep in mind fha loans have ufmip/ high monthly mtg ins thats permanent