Home Buying in Lawrence>Question Details

Donna, Home Buyer in Lawrence, KS

Lawrence lending

Asked by Donna, Lawrence, KS Mon Aug 11, 2008

If we relocate to Lawrence, what type of lending available? What if we do not have 20% for a down payment, but excellent credit and housing history (from dallas area)?

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Michael Mcgrew’s answer
There are a variety of loans available for those with good credit. The Lawrence area is lucky to have quite a few good competitive lenders. FHA is an option and lower down payment conventional financing is as well. Don't forget that Congress and President Bush just signed the housing relief bill that gives first time homebuyers a $7500 tax credit that works like a no interest down payment loan. One knowledgeable lender is Danielle Baker at Oread Mortgage, dbaker@oreadmortgage.com. Good luck!
0 votes Thank Flag Link Mon Aug 11, 2008
You can still do an FHA with down payment assistance until Oct. 1. (My lender associate tells me)
Contact a lender right away!
0 votes Thank Flag Link Mon Aug 11, 2008
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