Financing in Oak Park>Question Details

rhertel, Home Owner in Oak Park, IL

What percentage of loans being originated are FHA loans?

Asked by rhertel, Oak Park, IL Mon Jun 10, 2013

Will a right of first refusal clause in a condo building prevent and FHA purchase?

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No, not in the state of Illinois...what has changed is that if you are only putting down 3.5% your PMI will remain for the life of the loan putting your percentage rate more like 6% when all is said and done....am not sure that this effects your ability to qualify but would guess it does if your ratios of debt to income are high!
0 votes Thank Flag Link Mon Jun 10, 2013
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