FHA Escrow Hold-backs Work

Home-buyers use FHA Escrow Hold-backs to fund appraiser required repairs.  In fact, an FHA Escrow Hold-back often saves an Arizona FHA buyers time, energy and money compared to an FHA 203k loan. What is an FHA Escrow Hold-back? An FHA Escrow Hold-back sets money aside for the purpose of completing property repairs after funding.  The “Hold-back” part refers to the buyer’s FHA mortgage lender keeping funds in their possession post funding.  Those funds are ear marked for specific repairs to be … [Read more...]