Submitted by KindaEgotistical t3_10ko116 in Connecticut
silasmoeckel t1_j5x04sh wrote
Reply to comment by secretmuffinsauce in The inventory of houses suck by KindaEgotistical
Cash only is cash only and even then some types of loans considered good as cash.
Nothing stopping you from getting conventional approval and switching to a FHA. They want to back out post deposit thats up to them but they have lost time/opportunity at that point. After all you can get approved for some very bad coventialy loans and horrid DTI, does not mean it makes sense to buy a home with them.
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