Asked by Alex R, Pennsylvania • Thu Mar 24, 2011
Hello - I have excellent credit (750 ) and a high income and I own my home, on which I have a noted underwritten by the Pennsylvania Housing Finance Agency (PHFA). I am looking for my next primary residence, but would like to keep my existing property and put down a low down payment (4-5% of property value) on the new house.
Since I put down only 3% on my 1st property, when I acquire my next primary residence can I still get away with putting down a low down payment (4-5%)
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