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Looking for an FHA Miracle.......

I have a closing scheduled this Thursday. Closings are always very good news. This has been a wonderful transaction so far. My buyers chose the house on the first day of looking. The sellers were very motivated and we were able to come to fantastic terms that work well for both the buyer and seller. The listing agent is a gem to work with. The inspections went well with only minor repairs needed and few repairs requested. So far so good. The only questionable part of this transaction is will the FHA loan be processed quickly enough for the closing to take place this week. Yes, FHA normally takes 45 days to process and then we still keep our fingers crossed. However, being an optimistic and relying on my lenders assurances, I am holding on to high hopes that the loan will be processed quickly and we will close as sheduled on Thursday. This would be a 20 day turn around for an FHA loan. In the mean time I will be praying for an FHA miracle.

Posted Monday Jan 26