Why would some communities not take FHA loans? I am trying to my a house in San Diego? - fha loans
I try to buy a house in San Diego, but most communities do not do FHA loans, there is a reason for that?
Fha Loans Why Would Some Communities Not Take FHA Loans? I Am Trying To My A House In San Diego?
2 comments:
Communities do not usually on the type of loans a person to buy a house.
This is called a network from a long period and is considered to be biased against the purchaser.
I'm not at all.
If a lender says, do not give FHA loans in certain areas of a city, which are considered once lined network against a specific portion of the population and not tolerated by the FHA.
It is not against the law to identify the areas of traditional lenders and government insured loans from lenders and made available.
What comes to mind that the home you are looking to buy larger than the maximum FHA loan in California, I think, is about $ 717,000 for single family houses and duplexes and more than 4 units. This is the only reason that reach the FHA does not lend itself can, because the acquisition exceeds the FHA.
Almost any other reason would be in contradiction with the various civil rights laws of human rights.
I hope it was for some beneficial and, Fortune Or.
"Combat"
The FHA can refuse to make a mortgage on a particular community, because the value of the property or the condition of the house or the neighborhood.
Get your mortgage (all types), approved by your mortgage lender.
Communities do not know what used in the type of financing to buy a house in the region say.
If the offer to purchase a home with a type-approval makes no difference that the type of loan.
Maybe you do not really understand what you mean. Talk to your lender or your real estate agent and ask for an explanation.
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