Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Jersey
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 01-28-2009, 08:15 AM
 
162 posts, read 546,292 times
Reputation: 41

Advertisements

Hi guy's

My co-worker received an offer on her condo from someone with an FHA loan if they accept the offer. Her and her bf are not sure what to do. I personally never heard of the FHA loan nor do I know anything about it. I did some research online and I sort of understand it and explained it to them a little. My question is , is it safe for the sellers, is there anything they should watch out for or expect things to come out later on? It doesn't benefit the seller at all does it?

Thanks
Reply With Quote Quick reply to this message

 
Old 01-28-2009, 10:37 AM
 
505 posts, read 1,762,645 times
Reputation: 208
I used an FHA loan to purchase my house and I can tell you from my experiences, it was no different from dealing with a "regular" mortgage.
Reply With Quote Quick reply to this message
 
Old 01-28-2009, 10:56 AM
 
526 posts, read 1,391,814 times
Reputation: 74
Quote:
Originally Posted by plume12 View Post
Hi guy's

My co-worker received an offer on her condo from someone with an FHA loan if they accept the offer. Her and her bf are not sure what to do. I personally never heard of the FHA loan nor do I know anything about it. I did some research online and I sort of understand it and explained it to them a little. My question is , is it safe for the sellers, is there anything they should watch out for or expect things to come out later on? It doesn't benefit the seller at all does it?

Thanks
As the seller of a condo you should see very little if any difference from a conventional loan.
Reply With Quote Quick reply to this message
 
Old 01-28-2009, 11:42 AM
 
Location: South Jersey
7,780 posts, read 21,880,174 times
Reputation: 2355
absolutely no difference. What were you thinking was gonna be the difference? The government actually backs an FHA so its a very safe loan
Reply With Quote Quick reply to this message
 
Old 01-28-2009, 11:54 AM
 
162 posts, read 546,292 times
Reputation: 41
She didn't know what the difference will be, that's why I ask. She didn't get that much info from her realtor. People need to ask these questions when they're not sure, correct?

Well thanks for the info . I will pass this to them .

Thanks again!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Jersey

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top