What is the easiest type of mortgage loan to get approved for in Dutchess County?
Loan of $550k, no VA status, first time buyer, (ARM, fixed, even interest only). Credit score about 700, 5 % down, high-ish debt/income
Answers (2)
Albert,
I suggest you speak with a mortgage representative at one of the local banks in the area you are looking to buy in. You might ask friends/colleagues/family if they have recommendations of mortgage representatives they found particularly helpful.
Good luck in your search.
Tom Lynch
Associate Broker
Berkshire Property Agents
FIRST ANSWER
If it meets FHA loan limits that would be your only option. This wont work conventional, loan amount is too much. Jumbo requires 10% at the very minimum.
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