FHA announced that they are rescinding the “Reconsideration of Value” process that was put into place last year.  This process allowed a consumer to dispute the appraised value. Real estate agents are still permitted to submit additional information and comparables if they believe the value is incorrect. As of today, other types of financing still permit the consumer to dispute the value, such as conventional financing.  And VA loans have always had a process in place for the veteran to dispute a value.  If you have any questions, please message me or comment below.
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FHA announced that they are rescinding the “Reconsideration of Value” process that was put into place last year.  This process allowed a consumer to dispute the appraised value. Real estate agents are still permitted to submit additional information and comparables if they believe the value is incorrect. As of today, other types of financing still permit the consumer to dispute the value, such as conventional financing.  And VA loans have always had a process in place for the veteran to dispute a value.  If you have any questions, please message me or comment below.

ByBrandon Butler

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What is a “Rent Back Agreement”? When you purchase a home, there are times when a seller may ask to “rent back” the home after closing. There are many reasons why a seller may request this. For example, they may only want to move once, and the closing date on their new home is after this home’s closing date. Rent Back Agreements are generally not an issue provided they do not exceed 60 days, which is due to the requirements of your Deed/Security agreement required by your lender. If your seller requests this option, let’s talk!
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What is a “Rent Back Agreement”? When you purchase a home, there are times when a seller may ask to “rent back” the home after closing. There are many reasons why a seller may request this. For example, they may only want to move once, and the closing date on their new home is after this home’s closing date. Rent Back Agreements are generally not an issue provided they do not exceed 60 days, which is due to the requirements of your Deed/Security agreement required by your lender. If your seller requests this option, let’s talk!

ByBrandon Butler

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Great News from USDA!  USDA now offers financing for manufactured homes in all states.  Previously, this type of financing was only available in some states as part of a pilot program. USDA loans are offered in Rural areas of the country and offer 100% financing.  If you are considering this affordable option to buy a home, let’s talk, and I’ll fill you in on their program.
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Great News from USDA!  USDA now offers financing for manufactured homes in all states.  Previously, this type of financing was only available in some states as part of a pilot program. USDA loans are offered in Rural areas of the country and offer 100% financing.  If you are considering this affordable option to buy a home, let’s talk, and I’ll fill you in on their program.

ByBrandon Butler

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