Financing in Haymarket : Real Estate Advice

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Elliott R. O…, Real Estate Pro in McLean, VA
Elliott R. Oliva answered:
My husband and I are looking to buy our first home in northern va. We were told that the $7500 grant was only awarded to certain banks. Is this true?
You may be able to find more information here.
0 votes Share Flag Wed Mar 16, 2011 Financing in Haymarket
Jim McCowan, Real Estate Pro in Arlington, VA
Jim McCowan answered:
Relocating to NOVA, what is the lowest money down loans that are available. Our credit is excellent. Not 1st time buyers. 10%, 5% 0%?
An FHA loan only requires a 3.5% down payment. I'd be happy to help with your search in Nothern Virginia!
0 votes Share Flag Tue Feb 1, 2011 Financing in Haymarket
Lew Corcoran, Real Estate Pro in Easton, MA
Lew Corcoran answered:
How much do lenders expect you to put down on your second home these days? We have credit scores that are over they have no money down?
Lenders expect buyers to put at least 20% down on a mortgage for 2nd / vacation homes. While Fannie Mae will allow as little as 10% down, mortgage insurers will not provide mortgage in ... more
0 votes Share Flag Tue Mar 18, 2014 Financing in Haymarket
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