We have good credit can we buy a house with 10% down instead of 20%

Asked by L[lly, New Berlin, WI Fri Mar 2, 2012

We have a paid for house we have been unable to sell but would like to rent out and buy another home..

Help the community by answering this question:

+ web reference
Web reference:

Answers

6
Mandy Fritsc…, Mortgage Broker Or Lender, Delafield, WI
Tue Oct 29, 2013
With 10% down payment you have numerous different options for financing. Please contact me if you would like to discuss your situation further.

Sincerely,
Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211
262-327-5700 Cell, 877-868-9198 Fax, mandy.fritsche@prospectmtg.com
http://www.MyProspectMortgage.com/mfritsche
0 votes
Wisconsinmor…, , Wisconsin
Wed Jan 16, 2013
It is very likely you can do a conventional loan with as little as 5% down. Of course putting down 10% will decrease your payment and monthly mortgage insurance. Thank you.
0 votes
Kathleen Tes…, Both Buyer And Seller, Minocqua, WI
Thu Jul 26, 2012
with less than 20% down you have to pay mortgage insurance, a costly item!!
0 votes
Perry Grutza, Agent, New Berlin, WI
Sat Mar 3, 2012
Hi Lilly, good news for you - you can get a mortgage in New Berlin with NO MONEY DOWN! However, the best terms, interest rates, and mortgage insurance rates come with more money down. I'm a landlord myself and I work closely with a property management company that can rent and/or manage your home for you. In fact, they have been renting homes for me in less than a month! I live and work in New Berlin, I would be happy to answer further questions - perrygrutza@hotmail.com
Web Reference:  http://yahoohouses.com
0 votes
Jen Burns, Agent, Delafield, WI
Fri Mar 2, 2012
You can purchase a home with as little as 3-3.5% down. The prices are great and your first step will be speaking with a lender to get pre-approved. Let me know if you would like a contact name and number for a lender. I would love to help you start the process and welcome your call or email. You can meet me by video on YouTube by searching Jennifer Burns Realty Executives. 262-617-9333
Web Reference:  http://soldbyjenburns.com
0 votes
Remax Realty…, Agent, Oconomowoc, WI
Fri Mar 2, 2012
absolutely! contact me at lisaannbear@gmail.com or 262-893-5555. Plus..i have someone looking in ///new Berlin!
0 votes
Search Advice
Search
Ask our community a question
Home Buying in New Berlin Zip Codes

Email me when…

Learn more