Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Financing in Dayton : Real Estate Advice

  • All3
  • Local Info0
  • Home Buying0
  • Home Selling1
  • Market Conditions0

Activity 1
Wed Jun 13, 2012
Michelle Smith answered:
With the information you've provided, your chances sound pretty great! 28/47% DTI is well within the range acceptable for FHA loans. You only need 3.5% down for a down payment, and the grant will cover that as well as most of your closing costs and pre-paids. (The additional 2K in contributions from the seller will likely be way MORE than what you will need in the end, so I do not foresee any reason you would need a gift from your parents or fiance.) Obviously, I don't know ALL of the specifics of your appication, but based on what you've given (barring any surprises on your credit or appication) things are looking good for you! ... more
0 votes 3 answers Share Flag
Search Advice
Search
Financing in Dayton Zip Codes

Followers

54