Asked by Vicki Ohlert, Miami County, OH • Sun Jul 8, 2007
I WAS very vague with my question concerning FHA loans. Yes, I have a pre-approval letter in hand from a bank. My question is... can this type of loan be used on a bank owned property? What are the quide lines? What can I do about closing costs on a bank owned home? Are banks usually accepting of FHA and paying a portion of the closing costs?
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