Nick Toy

I'm a:	Real Estate Professional
Location:	San Francisco

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I am a first time home buyer who makes too much $ to qualify for 5% down/FHA loan. Are there any other loan?

Asked Sun Aug 10 2008, 16:35 by M - 94114 - Home Buying - 2 answers

Nick Toy answered:

What type of sales price are you looking at? If the loan would be 417k and under,you have good credit, and you're buying a single family residence (not a condo) you can get one loan for 95% of the sales price. The rate is obviously higher than a loan for 80% of the value, but it can be done! - Fri Sep 12 2008, 02:19

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