Home Buying in 60615>Question Details

K Baldwin, Home Buyer in 60615

Mortgage Loan Alternatives

Asked by K Baldwin, 60615 Thu May 31, 2012

I am looking to purchase my first home but in today's market, it seems that I can only find loan options of FHA or Conventional (with 20% down). Are piggy back loans still available in the Chicago land area?

Help the community by answering this question:

Answers

3
Get yourself pre approved an let a profeesional tell you whatyour options are.
Contrary to popular belief, banks are lending. FHA loans can be obtained for as little as 3.5% down and Conventional loans can be obtained for as little as 5% down.

Should you have any questions, feel free to contact me.

Bill J Deligiannis
First Centennial Mortgage
630-788-5288
b.deligiannis@gofcm.com
0 votes Thank Flag Link Fri Jun 8, 2012
First time home buyers could qualify for 3.5% down payment with FHA loans. I can refer you to several loan officers you can choose from that can help you with your quest.
0 votes Thank Flag Link Thu May 31, 2012
There are conventional with 5% down. Have you spoken to a few different lenders?
0 votes Thank Flag Link Thu May 31, 2012
Matt, Thanks for the response. I have but as of yet I have not been able to find one that has offered such loans.
Flag Thu May 31, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer