3.5% down is ok
All money needed can be a gift (family member) and seller can pay all closing costs and escrows except prepaid interest.
Get pre-approved first
call MEP at 603-231-7992
If you'd like to speak further, please contact me. Thanks and good luck,
Ask some questions of your own of the investor, such as, how many loans he/she has made in the last 12 months. No loans, means he/she might not really have any money to loan.
Ask for address of 3 -4 homes he/she financed. Go to the county recorderâ€™s office in your county and see if this investor is listed as the lien holder. If he/she is not listed â€“ this could be a red flag.
Donâ€™t pay any upfront fees for a loan to come later. This scam has been around since biblical times but unfortunately it still works.
Be cautious and do your research.
Senior VA & FHA Loan Specialist