- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (3)
- T.C. Whiting, "TC_at_PNC_Bank"
- Contributions:332
There's no reason to do Homepath nor FHA from what I'm seeing.
- Andrew Adams, "203K Specialist"
- Contributions:9349
20% down homepath loan is no different than a 20% down conventional loan. If you put 20% down on an FHA loan you will still pay the UFMIP and if you a financing for 30 years you will have Monthly MI for the next 5 years.
My question to you woudl be why would you go FHA if you have 20% down? Unless your credit is sub 640
I doubt FHA makes sense.
My question to you woudl be why would you go FHA if you have 20% down? Unless your credit is sub 640
I doubt FHA makes sense.
- Dave Skow, "daveskow"
- Contributions:1105
no mortgage insurance
no appraisal needed
if you put 20% down you should obtain a regular conventional loan as this rate/ fee should be lower than a homepath rate/ fee at 20% down
no appraisal needed
if you put 20% down you should obtain a regular conventional loan as this rate/ fee should be lower than a homepath rate/ fee at 20% down
If I can pay the 20% downpayment on a loan to avoid MI, are there any advantages to a HomePath loan?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.