Forgotten Your Password?

Need to Register?

Question Icon

Hi, does FHA have any guidelines in regards to location of home backing to a cemetery? thank you, Jan O'Flynn 530-677-3726

by oflynnj474 from , California. May 5th 2019 Reply


Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions

FHA should be fine with this scenario

May 6th 2019
0
0
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions

It should be fine. There is something known in the appraisal and real estate world as functional obsolence, which is a reduction of an object's usefulness or desirability because of an outdated design feature that cannot be easily changed, or negative influence of outside items. Next to a cemetary, next to a freeway, and under high voltage power lines are good examples of outside influences. This generally means a reduction in value as opposed to not being able to actually do a loan in most cases. I lend in MN, WI, and SD, and can be found at TwinCityHomeLoans.com NMLS274132

May 8th 2019
0
0
Mel Baker (makinghomeloanssimple@gmail.com)
#1337 ranked lender in California - 21 contributions

As long as it is not IN the cemetery you'll have no problems. Feel free to give me a call regarding the options available to you. NO OBLIGATION. If decide to work together I will offer you the absolutely lowest cost scenario possible.Mel S.BakerArcstone Financial(310) 985-9778 NMLS 80541

May 24th 2019
0
0
Subscribe to our news feed.