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FHA vs. Fannie Mae

Started by soyiuz
almost 14 years ago
Posts: 38
Member since: Dec 2011
Discussion about
We are about to buy a condo, and just found out that the building's FHA approval has just expired. The seller says they are also Fannie Mae approved. I was hoping to go for a 10% down 15 year mortgage to get the best of all worlds (more liquidity + transferable loan + no monthly premium). Should we fight to include a "contingent upon FHA re-certification" clause into the contract? What are some of the best combos / set-ups for a conforming loan?
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