Thursday, September 9, 2010

FHA Repair Requirements

April 14, 2008 by Eleanor  
Filed under FHA Mortgage Loans, First Time Home Buyer

The problem is that many sellers, including banks holding foreclosed property, might not want to accept an FHA borrower? Why? Because FHA will not take a property with a paint job like the one shown here. If you were purchasing this property, the exterior repairs would need to be done PRIOR to closing.