Lending requirements change periodically, so best to select a qualified lender to place your trust in, and ask them this question. They will need to know specifics about the home you hope to buy, and whether it will be your primary residence.
If you would like the help of a competent buyer's agent and lending professional, I would love the opportunity to help you!
Kat Tyree, Associate Broker
This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Other limitations may apply.
Minette Goldsmith-Fairway Independent Mortgage Corp. 5401 N. Oracle Road Tucson AZ 85704
L.O. NMLS# 261487 AZ L.O. License #0912618, FIMC # 2289, AZ BK #0904162 Equal Housing Lender
Javier Guillen, REALTOR
Keller Williams Southern AZ
I would be greatful for a chance to work with you.
This may be just the right solution for you. If you purchase as a primary residence the Homepath minimum down payment is 3%. We can explore the various options to make sure that is the best solution for your needs.
The underwriter will question the motivation of this move. They will want to know if you are upsizing, or down sizing. Are you moving closer to work, school or family..etc. What the plan is for you current home. These questions are not a reflection of you, but the reality of the market we are in. All files are heaviliy scrutinzed to make sure the right people are getting the right loan.
If I can be of help, feel free to contact me.
Spirit Messingham, PLLC
3rd Generation Full-Time RealtorÂ®
Tierra Antigua Realty
Direct (520) 471-6900
Fax (866) 365-5208
This is very much a possibility. Shoot me an email or give me a call so that I can put you in touch with a local lender that specializes in both of these loan products. Typically, it is all about the home you declare as your PRIMARY residence.
I look forward to speaking with you soon!'