Home Buying in Ellendale>Question Details

Jason, Home Buyer in Port Saint Lucie, FL

I have been pre-approved with a FHA loan. Is this bad or good for Sussex.?

Asked by Jason, Port Saint Lucie, FL Tue Mar 5, 2013

This question was asked from this property: http://www.trulia.com/property/3085134077-Lot-2-S-Old-State-…

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Karla Woods’ answer
Fantastic news. Most homeowners will accept fha unless they are selling "as is". Because they have a multitude of repairs needed. fha would require that they get certain repairs done. Please contact a realtor and begin your search :)
0 votes Thank Flag Link Tue Mar 5, 2013
FHA a great loan program - plus you only have to put down 3.5% the bad your monthly mortgage insurance payments with your mortgage. Recently one of my clients when with Lender Paid Mortgage insurance, payments where lower but the down payment increase to 5%.

Might want to consider 100% USDA as an option ...

Steve Morgan
0 votes Thank Flag Link Tue Mar 5, 2013
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