An offer is made on a property listed with broker green for $93,000. the offer is for $91,000 and the buyer will be obtaining fha financing. the appraisal comes in at $88,000. what recourse does the buyer have?

An offer is made on a property listed with broker Green for $93,000. The offer is for $91,000 and the buyer will be obtaining FHA financing. The appraisal comes in at $88,000. The recourse which the buyer have is:

The buyer may get an FHA loan provided the difference between the appraised price is paid in cash.

Explanation:

FHA stands for Federal Housing Authority. The FHA loan helps the buyer to get the home and it is a mortgage that is issued by the approved lender of the FHA. The benefit of this loan is that these loans require a lower minimum down payments and credit scores as compared to other conventional loans.In our case, the buyer will get the the financing from FHA to cover the difference of money between appraised price and actual price of the property.

The answer is letter a

Ithink its a hope it ! : )