CAN YOU PUT LESS THEN 20% DOWN.?

Asked by Tmitch6, Grove City, OH Sun Mar 31, 2013

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5
Phil Rotondo, Agent, Melbourne, FL
Sun Mar 31, 2013
Yes you can.
Please let me know if you need a local lender to approve you.
Phil Rotondo, Realtor,
ERA Showcase Properties and Investments
Barefoot Bay, Fl.
1 vote
Anna M Brocco, Agent, Williston Park, NY
Sun Mar 31, 2013
Depends on the type of loan; FHA loans require a minimum of 3.5% down; therefore visit with any licensed loan officer, be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously.
1 vote
Thanks!!
Flag Wed Apr 10, 2013
I love your comment. Simple and straight to the point!!
Flag Tue Apr 9, 2013
Stephen McRo…, Mortgage Broker Or Lender, Tampa, FL
Sun Mar 31, 2013
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That's a pretty broad question, but yes.

See programs #1 - #8 below, then contact me to talk about how to minimize payments and reduce out of pocket costs.

1) 100% LTV- VA / (VA Jumbo @ lower ltv)
2) 100% LTV- USDA/12 mo. into Chapter 13 BK…OK Too
3) 99% LTV- FHA / (FHA to 580 score @ lower ltv)

4) 97% LTV- No monthly MI-No FHA 1.75% Fee
5) 95% LTV- CONDO
6) 90% LTV- No PMI -2nd Home
7) 90% LTV- JUMBO w/cc
8) 85% LTV- No PMI - Super Jumbo
9) 80% LTV- Invest./Rental
10) 75% LTV- Foreign Nationals

--------STATED INCOME ALT up to Super Jumbo-----------
http://www.StatedIncomeALT.com
11) 80% LTV- FIX n’ FLIP Invest. Prop.
12) 75% LTV- Foreign Nationals
13) 75% CLTV- Short Sale, BK, Foreclosure Forgiveness
14) 70% LTV- Soft and Hard Money
15) LOT/VACANT LAND LOANS
16) COMMERCIAL PROGRAMS-available nationwide

Go to: http://WWW.PRO-OPTION-COM or call 888-662-4404

Steve McRory
Pro Option Mortgage/ Florida
steve@pro-option.com
#204296

Prior Service U.S. Marine Corps
====
0 votes
I love how in depth you took this questions but it may be a little confusing if this person is a first time home buyer. I value this information and can understand it because I have experience in real estate but someone who have very little to no experience in real estate may find it a bit confusing. Thank you for serving our country by the way. I am a military spouse and I know first hand the hardship our family goes through everyday for our country. Please do not take my criticism harshly.
Flag Tue Apr 9, 2013
Don Tepper, Agent, Burke, VA
Sun Mar 31, 2013
Yes. Of course.

As already noted, FHA loans only require 3.5% down. There are other loan programs out there that require less, too. Check with a good loan officer or mortgage broker for more information.

Hope that helps.
0 votes
Diane Murdock, Agent, Sebastian, FL
Sun Mar 31, 2013
Yes you can. If you are interested in purchasing in Barefoot Bay, contact me, and I will give you the name of a loan officer locally that will be able to help you. Of course, all loans are credit & income driven. Warm regards...Diane
0 votes
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