So we looked at a house that we really like. Problem is the assessment that is listed on the house is about 30k less then what they are asking. With an fha loan, would they even give us the loan? To my knowledge they wouldn't because they wouldn't want you upside down before you even start. They are asking 227k, the house is assessed at 190k.
they recently updated the kitchen so maybe they would have to have it reassessed? Im not sure if that would work in our favor incase the assessment comes in higher and they decide to up the price of the house?
Anyone have any experience with this? TIA! eta our realtor gives us a sheet on each house that is for sale, the assessment is on that.