Please feel free to contact me and I will be more than happy to discuss this with you more. I have been associated with real estate in the Dallas area, including Frisco, for more than 30-years.
Jack Gillis, M.B.A., J.D.
Jack Gillis Realty Advisors
Nathan Grace Real Estate, Broker
5619 Dyer Street | Suite 100
Dallas, TX 75206
You have options on this and I would be happy to offer my services to help you. I have several lenders I work with in this area that can get you taken care of. I also work in Frisco every week showing homes and I know the areas very well. We can find a nice house at a good deal for your price range. Reach out to me when you get a chance and Ill be happy to send you over a list of homes on the market that meet your criteria. Thank you
You can also purchase as an investment property with 15% down using Fannie Mae financing & with a lender who has United Guaranty as a PMI provider, as they'll insure up to 85% LTV on a rental property - it may be tough to find that combination though. Fannie Mae HomePath financing, like has been pointed out in your previous question, can finance up to 90% if you can find a home at the http://www.homepath.com/ website.