Fha loan earnest money

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? 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. 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 CostsFHA Requirements. Borrower's RightsCredit RequirementsFHAFHA Energy Efficient MortgageFHA HandbookFHA Home LoanFHA LoanFHA Loan ApplicationFHA Loan Rules. COM All Rights Reserved.

Mortgage Definition for Earnest Money

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Earnest Money for an FHA Loan (appraisal, negotiations, agent, mortgage) - Real Estate -Brokers, appraisals, development, lease, investing, relocation, apartments, houses, condos, values, mortgages, loans - City-Data Forum

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Mortgage Definition for Earnest Money

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