What is the minimum down payment percentage in central Florida?
I am looking at some condos in that are fairly low priced and I would like to keep my down payment low too.
Answers (1)
FIRST ANSWER
Frs,
That depends, I will explain.
Condos are a bit more difficult to get financing due to the glut in the market and other conditions like investor ownership. Now all is not lost you can check to see if the Condo you are interested in is on the Approved FHA lsit and if so you can go in with as little 3.5% down! If not 20% is needed. Any Relaotr can look this up for you,in fact so can your lender.
I hope this helps.
Realtor Rick
Web Reference: http://www.orlandorealestaterick.com
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