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If you want the definitive answer you should probably ask the lender directly. The source of that cash may also be scrutinized. We are in the process of starting the final loan approval as we are 2 12 months out from closing (new construction).
We have a FHA loan with 3. 5 down and has already placed the down payment and earnest money into escrow. We have the income to cover rate personal loan bsn 2016 new mortgage payment; however, during the time of construction we were planning to save the remaining cash to close amount.
We are exactly 3 weeks from obtaining the cash (5K).
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