Re: FHA, huh?
04-14-2008 12:17 AM
CreditDrama85 wrote:what are the requirements to refinance via FHA? doesn't the property have to be in excellent condition or something ? i think that's why i avoided this the first time around BUT i need a better rate, so i may need to go that route...
The property does have to be in good shape - but doesn't have to be in excellent condition, just "average" (per the appraisal). Do you think your home might not meet required standards? If so, why not?