Asked by Nyarch, 11946 • Sat Feb 13, 2010
I am interested in purchasing a (recently built-condition *new) home in NY with an FHA (3.5% down). I have been approved and have no problem comingup with the finances. The realtor for the house I'm interested in purchasing is telling me that "standard" is 10% down on signing and this is the only option they will accept even with an FHA. Is there a reason for this? Does my mortgage downpayment somehow affect the seller with unseen fees?
Real Estate in Hampton Bays
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