Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
With FHA you had to fund by 9/30.However, we have a conforming deal in process now with docs dated 9/30, signed 10/2 and will fund tomorrow (into the month).Some lenders like the one funding this deal took submissions on High Balance FHA until 9/1 and HB Conforming loans until 9/18. They bet the higher loan limits would be extended at the last minute. If they won the bet they would just fund the loans as usual after 10/1. Since they lost, the bet the consolation prize is they funded as many vanilla deals as they could before the curtain went down.It is a pretty good all around bet that the loan limits will be increased once again by the end of the year or so.
Everything I have read/been told since probably July is that no ifs ands or buts, the loan must fund by the 30th. Does not matter when the case numer was issued. I do not think any lender has discretion on this. If you have in writing that you would be okay, I might suggest you retaining some counsel b/c I would think you have a case for some damages. I am the farthest thing away from an attorney so by no means take this as legal advice. At the vey least you should call HUD and report this lender for the misinformation that was given
By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.
Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy
For Sale: $39,900
For Sale: $84,000
For Sale: $349,999