Escrow hold back on FHA Loans
How does an Escrow Hold Back Work?
The FHA Escrow Hold back has recently been changed. With an Escrow hold back, you are able to use to funds from the loan to complete repairs on your new home. The money is held in an escrow account until all the repairs can be completed. This allows the loan to close, the borrower to occupy the property early on while the work is finished. Contact My Team or Duncan Robertson with Academy Mortgage to get more details and see if you qualify for an escrow hold back.
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