Turned down all FHA loans 7 days from close!!!
Today is my birthday, and I am sitting here in tears on a day when I should have been celebrating being 7 days from close on our new house.
Out of the blue yesterday we got word that FM decided to no longer honor FHA loans - even those where the house is finished and close is impending! Meaning we would owe thousands we do not have.
Bottom line, seven days from closing we are going to lose our new (completed) home! It feels so unfair; can they really afford to lose an over 100k loan for greed of 8 or 10k in fees? We are devastated!