Awasome Buyer Not Liable Fha Home Value Less Than References. Pros of fha and va mortgages: If you’re getting an fha loan, you’ll need to get an appraisal in most cases.
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Fha loans have limited closing costs. In those cases, if the home appraises for less than the asking price, the fha borrower is not forced to complete the transaction. “it can range as low as $300,000, to up to $800,000 in high property value areas.