Hi "Wants a HOUSE!!"
Don't forget you can ask the sellers to help you with your closing costs and prepaids so you can focus on your 3.5% down payment. If there is money left over from the sellers that could be applied to the 1.75% mortgage insurance premium. Depending on your credit score FHA is at times the best way to go. Also depending on where you want to buy USDA Rual Development loans might be another option and you can finance up to 100% of the sales price. This is a great time to buy. Feel free to contact me should you have any further questions. Good luck in your search! - Tue Jun 23 2009, 15:07