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Answers (7)
- Marvin Hernandez, "Marvinloans"
- Contributions:20
Typically 3.5% down payment FHA financing, owner occupied and even as low as 1/2 down payment is available. Also there are programs through certain city & county agencies that can help.
Good luck to you.
- Michelle Gonzalez, "Mich90650"
- Contributions:23
Sounds like you have excellent credit, congratulations on maintaining such good credit. You have several options, if down payment is an issue you can try going FHA with the minimum 3.5%. You can always put more down on an FHA loan if you choose to do so. There are also conventional loans available with 10% down. I would be happy to discuss all of your options with you and point you in the right direction. Feel free to give me a call or email me.
- Robert Lowery, "Bob Lowery"
- Contributions:2097
FHA loans are not difficult loans to close. And, going with a major bank has its negatives. I would pick the best loan officer and not a company. You can have a horrible LO working for the best company in the world and that will result in a mess.
If you don't know of anyone, the two guys at the top of the list to the right under top lenders are a very good place to start. Good luck.
If you don't know of anyone, the two guys at the top of the list to the right under top lenders are a very good place to start. Good luck.
- Richard Schulman, "RichardSchulman"
- Contributions:2108
- Richard Schulman, "RichardSchulman"
- Contributions:2108
If you are a Veteran there may be programs to allow you to do a smaller down payment. Also, the FHA loan program has an option that may give you money to repair the property.
- Michael Emery, "MikeEmery"
- Contributions:7298
All I could think of was it was an investment property. I'm not the brightest bulb on the Christmas tree but even I thought that 20 percent was a tad high. Kudos to Bob.
- Robert Lowery, "Bob Lowery"
- Contributions:2097
You can get into a home with 3.5% on a FHA loan. Time to find a new agent.
How much is the minimum down payment i need to put to purchase a house in southern california.
Can you please let me know the truth as to how much do I need?
THanks
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