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Answers (2)
- Tracy Larkins, "Cobalt Financial"
- Contributions:649
@ Nancy great information - Nancy is absolutely correct you definately need to get with a lender to be pre-qualified to see how much house you can buy based on your current income and debt - your middle credit score, and occupancy stauts will determine your downpayment... FHA downpayment is only 3.5% with very attractive interest rates... Good luck - Hope this helps!
- Nancy Frantz, "NancyFrantz"
- Contributions:237
Hi Proudmommy!
The best place to start is with a lender. They need to check your credit score and also qualify you for a loan. 1816 N 6TH is a foreclosure and also a duplex. This particular property is owned by Federal Home Loan Mort. Corp which means it is being sold "As is" and the buyer must pay 2% transfer tax. This is a tad different then a single family dwelling. The lender needs to know if you are going to be using this property as a primary residence or an investment property. You may be able to put 5 % down - depending on your credit score and if it will be a primary residence. Best place to start is with a LOCAL lender. Good Luck!!!
The best place to start is with a lender. They need to check your credit score and also qualify you for a loan. 1816 N 6TH is a foreclosure and also a duplex. This particular property is owned by Federal Home Loan Mort. Corp which means it is being sold "As is" and the buyer must pay 2% transfer tax. This is a tad different then a single family dwelling. The lender needs to know if you are going to be using this property as a primary residence or an investment property. You may be able to put 5 % down - depending on your credit score and if it will be a primary residence. Best place to start is with a LOCAL lender. Good Luck!!!
I was curious, about how much needs to be put down on this house?
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