RE: FHA limits: if the house we want is higher

Asked by Carissa, Brooklyn, OH Thu Mar 13, 2008

If the home we want is 10k higher than the 362k limit, can we pay down the house to the limit or is it out of the range completely? Thank you.

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Mary Starkey, , Dayton, OH
Thu Mar 13, 2008
If you can pay $10,000 down then you may want to talk to a mortgage consultant about doing a conventional loan. They typically will have a lower interest rate than an FHA.
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