Financing in Florence>Question Details

Yohan, Home Buyer in Florence, SC

Does anyone know of a loan program that allows a non-first time buyer to put up less than 20% down and not pay PMI? (Florence, SC)

Asked by Yohan, Florence, SC Sat Jun 26, 2010

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Fred Glick’s answer
You can get your PMI either built into the rate or paid up front (a la a VA loan)

That's it. It's 2010 and it's more prudent of lenders to make sure that a low down payment loan is insured.
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0 votes Thank Flag Link Sun Jun 27, 2010
Hello. There's not a federal loan that I'm aware of. Some banks may have self products that might not require 20%. I recommend calling the banking institutions to see if they have and shelf products.

Good luck.
0 votes Thank Flag Link Sat Jun 26, 2010
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