fha downpayment

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Icon Mini Profile jrod




Joined: 17 Jun 2009

Posts: 1

0.28 Dollars($)
PostPosted: Wed Jun 17, 2009 7:01 pm    Post subject: fha downpayment

can i put just 3.5% down with a fha loan?
Icon Mini Profile Garysnober




Joined: 17 Mar 2009

Posts: 455

15.40 Dollars($)
PostPosted: Wed Jun 17, 2009 7:04 pm    Post subject:

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




Joined: 13 Apr 2009

Posts: 1434

99.76 Dollars($)
PostPosted: Wed Jun 17, 2009 8:07 pm    Post subject:

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
Icon Mini Profile gunzijjistaff
gunz.ijjistaff



Joined: 07 Apr 2009

Posts: 603

14.18 Dollars($)
PostPosted: Wed Jun 17, 2009 9:18 pm    Post subject:

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
Icon Mini Profile robertsmith2005




Joined: 22 May 2009

Posts: 338

-0.53 Dollars($)
PostPosted: Thu Jun 18, 2009 7:37 am    Post subject:

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.
Icon Mini Profile brian3
brian3



Joined: 09 Jun 2009

Posts: 80

21.31 Dollars($)
PostPosted: Thu Jun 18, 2009 8:00 am    Post subject:

I was not going to comment until I saw 3% down payment....it is in fact 3.5% like everyone else stated
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Icon Mini Profile eric2




Joined: 28 May 2009

Posts: 20

6.32 Dollars($)
PostPosted: Thu Jun 18, 2009 10:06 am    Post subject:

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.
Icon Mini Profile Realgeni




Joined: 13 Apr 2009

Posts: 1434

99.76 Dollars($)
PostPosted: Sat Jun 20, 2009 10:01 am    Post subject:

It took quit a bit to go from 3.5% to 3.0 to 3.5% again
Icon Mini Profile dan163




Joined: 18 Jun 2009

Posts: 8

4.68 Dollars($)
PostPosted: Sun Jun 21, 2009 6:42 am    Post subject:

Yes, 3.5%.
Icon Mini Profile Realgeni




Joined: 13 Apr 2009

Posts: 1434

99.76 Dollars($)
PostPosted: Sun Jun 21, 2009 9:04 am    Post subject:

One more to the party!
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