Jim Brigida answered:
You should be able to get a loan based on that critera. We have programs with 3% and 5 % down. There has been a tightening of guidelines for condominiums. If you are looking to go that route not only do you need to qualify the project will need to qualify. Home prices have dropped modestly in most communities and sharper in some other's but 200k could purchase a failry nice condo, but would not go a long way toward a single family home. If you would like I could do a pre-qualification over the phone or via e-mail
Jim Birgida GMAC Mortgage-jim.brigida@gmacm.com
Jim Birgida GMAC Mortgage-jim.brigida@gmacm.com
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