We beat this dead horse often, but it keeps rearing its head. So we are re-beating it: FHA loans do not take longer to close than conventional loans (at least at JVM). They are often faster b/c of FHA’s flexibility.
We got the below email from a listing agent yesterday after we closed his listing. We provide it b/c it illuminates the misconception about FHA loans, and also b/c it … makes us look rock stars :). (I even left in the typo to authenticate it – he called me “Joy”).
I was amazed how efficient your process was. You are the best lender I’ve worked with in many years. I took a big risk at the time we accepted your client’s offer, as we thought that FHA loans were very complicated and slow. We were very satisfied and impressed when we learned about your approval. I’ll definitely keep you in mind and look forward to working with you in the future.
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 1197176, NMLS# 310167