As far as I understand yes you can. I do suggest you speak with a lender to confirm. Best wishes, Tiffany
The short answer is yes you can. However, you must be buying the same property in order to do this. The case number can't transfer to a different home for you to buy. As one of the responders mentioned and as I think you are alluding to regarding paying another $10k in closing costs, you run the risk of losing the credit that Pulte gives for using them as lender, correct?
Or are you referring to a deposit that you made towards the purchase?
I would be happy to speak with you and review your documents to see what the true cost of transferring the case number would be. Sometimes there is an out on the closing costs that they were going to pay for you and they need a little "prodding" from someone to acknowledge it. I'm not sure why the new lender that you are speaking of doesn't understand about transferring a case number? This is a very common scenario so that seems a little worrisome.....
I am available to help you at your convenience if you wish.
I can do a full underwriting approval ahead of time if need be and I also offer credit score improvement programs for free while we work on your mortgage.
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Robert L. Hanson
Gladewater National Bank
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Now about the limits you would have to talk to a LO about that;
Changing lender might still slow down what you are doing because they have to start from the biggening, see what the lender you are dealing with is giving you. And then call a few Loan officers.
Call you current lender and find out. What's holding the deal up, I can tell you for experience most lenders are not closing on time they all have overlays that are delaying the closing.
Hope this help you
Contact Karen Jones 480-339-1577 with AmeriFirst Financial and she will answer your questions and possibly close sooner than you think. Please let her know I sent you.
Have a GREAT day!
Vivien L Biggs PLC
Prudential Arizona Properties
Congrats on your future new home,
Mark Honeck, Associate Broker
Solutions Real Estate
Yes, you can apply at a new FHA Lender. They will request the case number be transferred. You need only cancel your Loan Application with the existing Lender.
As far as paying closing costs: why would you pay "another 10,000 plus?" Most closing costs are paid at closing. If you transfer to a new Lender then you pay your closing costs when you close with that new Lender. Possibly you paid some upfront fees such as Appraisal and/or Credit Report fee to the first Lender but since your appraisal is being transferred you shouldn't have to pay the appraisal fee again.
As far as the Loan limits changing, as long as your FHA Case number was ordered BEFORE the limits changed then you should be okay.
Last, but MOST importantly: WHY ISN'T the NEW LOAN OFFICER EXPLAINING ALL THIS TO YOU? Maybe you made the wrong selection second time around, too.