FHA Escrow Holdback Update

FHA Escrow Holdback Update

The FHA Escrow Holdback guidelines have recently been updated. Escrow holdbacks are used to hold funds in an escrow account until repairs can be completed. This accommodation allows the loan to close and the borrower to occupy the property while the work is finished.

  • Repairs are limited to minor, incomplete items of no more than $5,000 based on the appraiser’s opinion or contractor bids.

  • Funds for the escrow can be provided by the buyer or the seller.

  • Limited to incomplete items not affecting habitability, safety, marketability, or structural soundness of the property.

Source: Academy Mortgage 1750 East Northrop Blvd. 230 ChandlerAZ 85286

Penny Seahorn Headshot
Phone: 602-549-9242
Dated: February 27th 2016
Views: 144
About Penny: Buying and selling a home is a very important event in your life. Whether it be your first home, a ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Top 10 Most Unique Festivals - In the list of the Top 10 Most
Mar 6 2018 14278 1 -  Competition is Coming, Are
Latest Financial News For Mortgage Rates -  Quiet WeekOverview: The
Top 10 Rules When Applying For A Mortgage -   I. Do not

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

American AllStar Realty
6642 E Baseline Rd Ste 101
Mesa, AZ