How Do FHA Escrow Holdbacks Work?

Home-buyers can use an FHA Escrow Holdback to fund repairs required by an FHA appraiser.  FHA Escrow Holdbacks can save Arizona FHA buyers time, energy and money when compared to an FHA 203k loan. What is an FHA Escrow Holdback? An escrow holdback is a process Arizona FHA mortgage lenders use to set money aside for the purpose of completing repairs on a property after the loan funds.  The “Holdback” part refers to the fact that the buyer’s FHA mortgage lender keeps a specific amount of money … [Read more...]