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jrod · Joined: 17 Jun 2009 Posts: 1 0.28 Dollars($)

can i put just 3.5% down with a fha loan?

Garysnober · Joined: 17 Mar 2009 Posts: 450 15.29 Dollars($)

Hi Jrod, Yes you can thats the most minimum fha loans require so 3.5% is ok to put as a down payment.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

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

gunzijjistaff · Joined: 07 Apr 2009 Posts: 712 4.51 Dollars($)

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

robertsmith2005 · Joined: 22 May 2009 Posts: 338 -0.48 Dollars($)

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.

brian3 · Joined: 09 Jun 2009 Posts: 80 21.31 Dollars($)

I was not going to comment until I saw 3% down payment....it is in fact 3.5% like everyone else stated

eric2 · Joined: 28 May 2009 Posts: 20 6.32 Dollars($)

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.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

It took quit a bit to go from 3.5% to 3.0 to 3.5% again

dan163 · Joined: 18 Jun 2009 Posts: 8 4.68 Dollars($)

Yes, 3.5%.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

One more to the party!

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