Home Buying in Greenwich>Question Details

Clg80, Home Buyer in Greenwich, CT

Is it possible to get an 80/15/5 mortgage loan in Fairfield County?

Asked by Clg80, Greenwich, CT Sun Jan 24, 2010

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You may have several options on the 80/15 depending on your credit score and loan amount. You also have FHA as an option but keep in mind that FHA will have upfront mortgage insurance and monthly insurance premiums.
Please call or e-mail at your convenience to go over options.
0 votes Thank Flag Link Mon Jan 25, 2010
The answer is yes, most likely. But you may not have to go for 80/15/5. Depending on several factors, income being one, you can now deduct PMI, so you may be able to get a 95% loan and put down 5%. It would be an FHA loan, and qualification guidelines are strict, but it can be done. I have a client who just did. We closed last week.

Here's a great mortgage broker who can advise you:
Karen Mulreed
Westport Mortgage
203-912-8056

Good luck,
Len
Web Reference: http://www.LeaveItToLen.com
0 votes Thank Flag Link Sun Jan 24, 2010
Why not visit with any qualified loan officer(s)--he/she will be your best source of information.
0 votes Thank Flag Link Sun Jan 24, 2010
I recommend you call a qualified mortgage expert for advise.
Ours has many years of experience in Fairfield County. Jim Hanrahan 203-816-7879 NEMoves Mortgage LLC .
0 votes Thank Flag Link Sun Jan 24, 2010
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