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Do all loans require impound accounts?

April 26, 2017accounts Impound Loans require

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Do all loans require impound accounts?

2 Answers

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If you are taking out a FHA or VA loan, the lender can require an impound account to pay real estate taxes and hazard insurance premiums, as with a standard loan. Most conventional loans do not require an impound account.

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If you are considering either an FHA or VA loan, the lender can require an impound account to pay real estate taxes and hazard insurance premiums, as with a standard loan. Most conventional loans do not require an impound account.