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ForTheLoveOfAudio t1_j1sgxoa wrote

Reply to comment by Mountain_Bill5743 in Is Pawtucket the new up and coming area outside of Providence? by jeanclaudevandamnnnn

Interestingly, we opted to do a conventional loan, in spite of our eligibility. We believe this saved us when we had our home inspection, because our inspector had found knob-and-tube wiring. From what I understand, people going for a FHA loan can't even bid on a house with knob-and-tube until it's been abated.

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Mountain_Bill5743 t1_j1tdr0i wrote

Unfortunately, many of the best FHA options (most likely to choose FHA) are probably the least able to qualify for the conditions of the loans. I assume the less problematic properties are still going to the stronger offers. I have friends who had similar challenges with VA loans in 2020, though, I think it's great both programs try to avoid financing possible money pits.

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