Fha earnest money deposit

Fha earnest money deposit

Author: Kudzu Date of post: 30.06.2017

Joe Wallace has been specializing in military and personal finance topics since His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications.

He is a year Air Force veteran and a member of the Air Force Public Affairs Alumni Association. But did you know the FHA has rules concerning the source of your earnest money, too?

Earnest Money Deposit Definition and Lender Requirements

In some cases the source of your earnest money may be scrutinized in a manner similar to the verifications required for down payment funds. FHA loans require downpayments from approved sources such as personal savings, cashed-in investments, bona fide gifts that meet FHA loan rules, etc.

FHA Loan Rules For Earnest Money

So what are the rules for earnest money paid for a home to be purchased with an FHA mortgage? According to the FHA loan rules found in HUD Closing Costs , FHA Requirements.

fha earnest money deposit

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FHA Loan Rules For Earnest Money

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By Joe Wallace July 8, Joe Wallace has been specializing in military and personal finance topics since Email Browse by date: June May April March February January December November October September August July June May April March February January December November October September August July June May April March February January December November October September August July June May April March February January December November October September August July June May April March February January December November October September August July June May April March February January December November October September August July June May April March February January December November October August July June May December June 20, Low Down Payment FHA Loans.

June 16, What Is The Average Credit Score Needed To Buy A House? June 15, Can You Refinance An FHA Loan To Get Rid Of PMI? June 15, Do I Need FHA Mortgage Insurance? June 14, Closing Costs And Earnest Money For FHA Loans.

June 13, The Down Payment Requirement For FHA Loans.

fha earnest money deposit

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