santa clara: Another Successful Short Sale Tansaction with a FHA Buyer
- 10/29/10 06:13 AM
I sold this home to a really sweet first time FHA buyer who was very patient through the waiting process. This sale was a short sale that took about 2 months for short sale approval and then another month to close the transaction, so not too bad. For the most part the short sale process and transaction itself was pretty uneventful, which is actually a very good thing when buying a home, mainly just waiting for the approval, which in the short sale world, actually didn’t take that long.
Just on a side note, in regard to FHA financing, if … (1 comments)
santa clara: FHA Loan or Conventional Loan?
- 05/26/10 02:54 AM
I sold this home in Santa Clara for $711,000 to a very nice young couple buying their first home. They initially wanted to get an FHA loan and put as little of a down payment as possible, but also had the ability to go with a conventional loan as well. In my opinion, if you do have the down payment, it’s better to go with a conventional loan because FHA loans are more expensive than a conventional loan. In this case, it would have cost the buyers about $25,000 extra in this price range to get a FHA loan. Since they … (0 comments)
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