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I recently was appoved for a FHA loan to buy a property but the seller hasn't fixed anything and the closing in scheduled for next week and I am thinking about backing out of the deal. If I back out of the deal will I be able to use the FHA loan to purchase a different property?

by jacqueline.reed from Greenwood, South Carolina. Apr 20th 2010 Reply


Todd Glassman (Todd Glassman)
#1 ranked lender in South Carolina - 121 contributions

Good morning Jacquel, yes you can do a FHA loan to purchase another property. If you have any more question or need help please feel free to call me at 864-286-9063. sincerely Todd

Apr 20th 2010
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Todd Glassman (Todd Glassman)
#1 ranked lender in South Carolina - 121 contributions

Good morning Jacquel, yes you will be able to still get a FHA loan. If you have any questions or need help feel free to call me at 864-286-9063. Sincerely, Todd

Apr 20th 2010
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- - (Voted.Best.Rates.and.Service)
#11 ranked lender in New York - 374 contributions

Yes, you will be open to purchase within your pre-qualified range.

Apr 20th 2010
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Nick Fratini (nfratini)
#5 ranked lender in Pennsylvania - 15 contributions

Hi Jacqueline,Being that you were already approved for FHA loan means you are in good shape. You are still eligible for a FHA loan being that you never actually settled on the above property. Please give me a call at 610-344-9988.Nick Acre Mortgage & Financial, Inc

Apr 20th 2010
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May 1st 2010
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May 9th 2010
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