Home Buying in Freeport>Question Details

karenlionti, Home Buyer in Surfside Beach, TX

If you have excellent credit, and can finance through whomever you want, is a 20 % down payment required when buying these homes in surfside beach,

Asked by karenlionti, Surfside Beach, TX Tue Oct 11, 2011

tx.? Is this possible?

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Answers

6
I know of no restrictions to financing in Surfside.

There is plenty of money at 3.5% down on FHA loans and 5% down on conventional.

The 20% down restriction 'usually' applies to folks with sub 680 FICO scores.

Pleas feel free to contact me for any follow up questions!!!



Tom Burris
Mortgage Banker
DallasLoanGuy.com
(214) 763-4629 cell/text/nights/weekends(Really!!)
tomburris@dallasloanguy.com
Lending all across the entire Great State of Texas!!
1 vote Thank Flag Link Tue Oct 11, 2011
I have not had a client buy a home at Surfside that had good credit have to put 20% down. It always depends on the lending company you are using.
0 votes Thank Flag Link Tue Oct 11, 2011
You need to refer your question(s) to mortgage broker for loan approval and determine what works best for you AND confer with CPA

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Tue Oct 11, 2011
No you shouldn't have to put 20% down however you will have to talk to a lender and they will be the ones that will determine how much of a down payment you will need to have.
0 votes Thank Flag Link Tue Oct 11, 2011
Your best bet is to meet with a local and trusted loan officer who can look at your credit and financials and see what programs are available. They can also break down required down payments and closing costs.

http://www.trulia.com/blog/scott_godzyk/2011/08/how_do_i_kno…

Please see my blog for tips on getting a mortgage
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Tue Oct 11, 2011
It depends if it will be your main home or second home. It also depends on your lender.
0 votes Thank Flag Link Tue Oct 11, 2011
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