If the seller counters your offer, you may need to negotiate until you both agree to the terms of the sale on your new FHA financed home.

Application for an FHA mortgage is open to anyone able to meet the cash requirements, mortgage payments, and credit requirements.

FHAMortgage.com is a private mortgage company specializing in fha home loans and is not associated with the federal government or HUD / FHA.


FHA Support: Step 5

Make Your Offer


Buying a home is confusing enough, but reading and understanding the purchase contract plus other required paperwork can be overwhelming. Many homebuyers (and sellers) are overwhelmed by the complexity of the forms. Writing a home purchase contract that includes all the essentials is not difficult. Start with filling in the blanks on a well-written printed purchase contract, but don't hesitate to delete unwanted items and add essential terms.

Now is the time for an
FHA HOME LOAN



PROPERTY LOCATION


LOAN PURPOSE


PROPERTY TYPE


CREDIT STATUS




Study the purchase contract form you will be asked to sign. When you find something in the form you don't understand, discuss that item with your realty agent. Equally important, check the form to be sure it includes the essentials. Many of the forms prepared by the National Association of Realtors have hidden clauses which are anti-seller, anti-buyer or both. They are written with the primary goal of getting the sale closed.

Don't be afraid to cross out what you don't like. Just because something is printed on a purchase contract doesn't mean you must accept it. Either cross it out or modify and initial the change to meet your wishes. Don't hesitate to take the form to an experienced real estate attorney for advice.

Making an offer is all about the fine art of negotiation. Discuss the process with your real estate agent. If the seller counters your offer, you may need to negotiate until you both agree to the terms of the sale on your new FHA financed home.


to Buying a Home with an FHA Loan

> FHA Step 1
How much can you afford?

> FHA Step 2
FHA says, "Know your rights."

> FHA Step 3
Shop for an FHA loan.

> FHA Step 4
Shop for a place to call home.

> FHA Step 5
Make an offer for the home.

> FHA Step 6
Get a home inspection.

> FHA Step 7
Your homeowners insurance.

> FHA Step 8
Sign on the dotted line and move in.

   
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Century 21, ERA, Coldwell Banker

Receive cash back and save money when you buy or sell your home.
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VA Loans for Veterans

Get a VA loan to buy a home, to build a home, to refinance your mortgage, or to simultaneously purchase and improve a home.

VA Mortgage News
Browse through articles about VA home loan programs, VA benefits, home buying and selling, VA mortgage shopping and insurance.

Pioneer Military Loans
Serving the military community with personal loans from $500 to $10k.
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Equal Housing Lender
   




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