Asked by sk28, Boston, MA • Fri Oct 12, 2012
My wife and I are looking to buy our first house. We have great scores and income ratios (front and back ended) to pay for jumbo loan. However, we were told that we need to put 20% down in order to qualify for jumbo loan. We are looking at houses that are north of county FHA loans. Is it possible for us to get a mortgage that will get us a mortgage for a 5-7% down? Thanks
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