Property Q&A in Los Lunas>Question Details

Marcella Mon…, Other/Just Looking in Albuquerque, NM

Can we do this on payments?

Asked by Marcella Montour, Albuquerque, NM Thu Feb 5, 2009

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An FHA loan will not take your credit score into account,but you would need to come up with a down payment of 3.5%. in this case that would be about $2971.00 Your monthly note would be about $517.00. Then you would need sufficient income to cover taxes and insurance.Also closing costs. If you feel this would work for you,i suggest you contact a local agent who can get you through this process without charge to you.
1 vote Thank Flag Link Thu Feb 5, 2009
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