Asked by Jerry, Queens, NY • Thu May 1, 2008
I want to buy a home in FL. I currently live in NYC. Lenders are telling me i would have to put at least 10% down because it would be considered as a second home. Im currently in the middle stages of getting a job transfer so i would like to have my fiance (Shes currently living in FL) living in the new home until i get to FL. I was just curious if theres another way around the 10% down payment? I never owned a home before but i would like to do 95%-100% financing.
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