Financing in 94539>Question Details

s_neeraj, Home Owner in 94539

Any Lender to approve conventional mortgage 3 years after foreclosure?

Asked by s_neeraj, 94539 Fri Mar 8, 2013

My primary home was foreclosed in Jan 2010. Now it has been 3 years and I got FHA approval last week. My FICO is 700 . Is it possible to get conventional mortgage so that I can avoid FHA PMI. Down payment and affordability is not an issue.

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By avoiding PMI, you need to have 20% downpayment for conventional loan. And there is another conforming loan and loan amount up to $417k call lender paid PMI.
0 votes Thank Flag Link Thu May 9, 2013
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