what is alrenative to fha loan with credit 750 and low about 10% downpaiment?

Asked by Serge, 11230 Fri May 29, 2009

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
Sean Dawes, , Philadelphia, PA
Sat May 30, 2009
You can always go FHA and do 3.5% down and use the rest toward closing costs. The only real benefit of putting more down is if you can avoid PMI by doing 20% down.



-Sean
Web Reference:  http://www.seandawes.com
0 votes
Mitchell Fel…, Agent, Brooklyn, NY
Sat May 30, 2009
Dear Serge:

You have several alternatives but the important question becomes how much you are borrowing and what your income is as this will determine how many and what options you have.

If you want contact me and we can discuss this further with no cost or obligation to you. I would like to help you.

Sincerely,
Mitchell S. Feldman
Associate Broker/Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665
Email: MitchellSFeldman@aol.com
0 votes
Everett Perry, Agent, Fresh Meadows, NY
Sat May 30, 2009
conventional is still available with such high credit, as low as 5%, only on 1 families.

2 family, 15% down.

3 families there is no PMI company that i am aware of that will do these or 4 families.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more