Sr. Loan Officer
Also keep in mind that you might be qualified for a HUD home and it needs very minimum for moving in. The only downside with HUD is that there are not that many properties available, so you or your agent has to keep an eye on their web site constantly.
Please feel free to let us know if you have any questions.
The posted statements are correct. Be advised that FHA loans require 3.5% after the first of the year. This downpayment can come to you in the form of a gift, so don't feel as though hope is lost.
You should contact your lender to square up and make sure you know what type of loan you are getting, it might not be a bad idea to have your agent there too.
If you need a second opinion on a loan option, please contact me and I can direct you to a strong lender.
Robert M. van der Goes
From one Tony to another, best of luck
Talk to your bank or loan officer, they will be able to search for you and tell you what loans are available today.. I believe that the new FHA loan require 3 1/2 percent now. Where are you buying?