conventional financing with 5 down: I thought I couldn't get a conventional loan.. I don't have 20% down - 01/04/11 06:34 AM
I get asked, or told, quite often that a buyer has been informed by another lender, Realtor, mother, brother or just the air, that they have to go with an FHA loan because they don't have 20% to put down.
FHA may be the best option for these people, but let's explore there situation real quick.
*First.. What do you have to put down?? currently with as little as 5% down a buyer can get a conventional loan with one time upfront mortgage insurance (This will save you the monthly MI payment and allow you to buy more home.)
*Second... What is your Credit score?  680 plus - GREAT- a 680 … (2 comments)

Sandra Pearce (Republic Mortgage Home Loans in Olympia Washington)

Sandra Pearce

Olympia, WA

More about me…

Republic Mortgage Home Loans in Olympia Washington

Address: 1800 Cooper Pt. Rd SW, Suite 12, Olympia, wa, 98502

Mobile: (360) 280-2607

Fax: (888) 843-6939

Email Me



RSS 2.0 Feed for this blog