Financing in 63011>Question Details

Lisa Mainini, Home Seller in Ballwin, MO

fha rates how much down payment on 218,000.00

Asked by Lisa Mainini, Ballwin, MO Thu Oct 28, 2010

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If the buyer meets the income guidelines for MHDC, they would only need $1090. MHDC would give them the 3% $6540 in the form of a forgivable 2nd. For details email me at gpwellner@fcbankonline.com
0 votes Thank Flag Link Thu Oct 28, 2010
Hi, Lisa

Pete is correct. Mininum FHA dp is 3.5%. Which equates to 7,630 for a 218,000 purchase.
0 votes Thank Flag Link Thu Oct 28, 2010
You can do an FHA loan with as little as 3.5 % down. So, on 218K that would be $7630.

Buying ~or~ Selling?
Call or Email
Pete Elsner
Cell 314-852-3862
E-Fax 314-677-6501
Co-Owner/Agent
Keller Williams Realty St. Louis
Web Reference: http://www.PeteElsner.com
0 votes Thank Flag Link Thu Oct 28, 2010
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