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 jrod
Joined: 17 Jun 2009
Posts: 1
0.28 Dollars($)
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 Posted: Wed Jun 17, 2009 7:01 pm Post subject: fha downpayment |
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| can i put just 3.5% down with a fha loan? |
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Garysnober
Joined: 17 Mar 2009
Posts: 455
15.40 Dollars($)
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| Posted: Wed Jun 17, 2009 7:04 pm Post subject: |
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| Hi Jrod, Yes you can thats the most minimum fha loans require so 3.5% is ok to put as a down payment. |
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Realgeni
Joined: 13 Apr 2009
Posts: 1434
99.76 Dollars($)
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| Posted: Wed Jun 17, 2009 8:07 pm Post subject: |
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jrod
Welcoem to the forum
Minimum required down payment for FHA is 3.5% but rememebr you will probably pay MIP or PMI on the loan and also there is a upfront MIP of 1.75% which you roll it in to the loan
Good luck and feel free to ask |
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gunzijjistaff
Joined: 07 Apr 2009
Posts: 603
14.18 Dollars($)
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| Posted: Wed Jun 17, 2009 9:18 pm Post subject: |
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Hi jrod,
Welcome to our forum.
Yes, You can make 3.5% down payment for FHA loan. 3.5% is the minimum required percentage of loan amount for down payment.
Thanks & Regards.
gunz.ijjistaff |
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robertsmith2005
Joined: 22 May 2009
Posts: 338
-0.53 Dollars($)
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| Posted: Thu Jun 18, 2009 7:37 am Post subject: |
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| FHA-insured loans are available in urban and rural areas for single family homes, for 2-unit, 3-unit, and 4-unit properties, and for condominiums. Interest rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Down payments can be as low as 3 percent, and closing costs can be wrapped into the mortgage. |
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brian3
Joined: 09 Jun 2009
Posts: 80
21.31 Dollars($)
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| Posted: Thu Jun 18, 2009 8:00 am Post subject: |
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I was not going to comment until I saw 3% down payment....it is in fact 3.5% like everyone else stated
_________________
Brian F. Foster
Mortgage Banker
BFF Mortgage
7057 John F. Kennedy Blvd
North Bergen, NJ 07047
201-305-5149
First Residential Mortgage: Licensed direct lenders in NY, NJ, CT, PA, FL, VA, MD, NC, SC, TX |
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eric2
Joined: 28 May 2009
Posts: 20
6.32 Dollars($)
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| Posted: Thu Jun 18, 2009 10:06 am Post subject: |
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| 3.5% is minimum down and mimimum that needs to be brought by you. Other costs and fees may be able to be rolled into loan itself. |
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Realgeni
Joined: 13 Apr 2009
Posts: 1434
99.76 Dollars($)
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| Posted: Sat Jun 20, 2009 10:01 am Post subject: |
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| It took quit a bit to go from 3.5% to 3.0 to 3.5% again |
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dan163
Joined: 18 Jun 2009
Posts: 8
4.68 Dollars($)
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| Posted: Sun Jun 21, 2009 6:42 am Post subject: |
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| Yes, 3.5%. |
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Realgeni
Joined: 13 Apr 2009
Posts: 1434
99.76 Dollars($)
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| Posted: Sun Jun 21, 2009 9:04 am Post subject: |
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| One more to the party! |
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