What are the current rates for a 30 year fixed FHA mortgage? Can you salary discount points?
I am considering a FHA loan. I would like to avoid mortgage insurance if at all possible. Am I allowed to put 20% down or find a piggy back loan for 10-15%? Basically, I'm not sure if a FHA or conventional loan is best.
First-time homebuyer
Credit = 725ish
Pre-qualified for $80k
Probably getting a $70k home.
Please give me some recommend. Thanks in advance!
Answers:
Hi Amanda ,
I have had a home Through FHA (Farmers Home Admintstration)
Fixed rate ...vary . They do go by your income monthy.
You can get a fixed rate as low as 6% if you unite requirments.
I would never use anyone else !...lol...lisa Source(s): FHA
All the help you will have need of! With your credit you probably will get somewhere around 5-6%, but it doesn't really matter because we own a software that will show you how to pay your home off within 7-10 years anyway, eliminating your interest! Honestly go to www.savingthousandsininterest.com and monitor the video and give us a call!
Glad to be of backing!
With your rack up, and 20% down payment, it's a no brainer. Don't go FHA. Get a conventional loan, 80% LTV, no PMI.
I craving all my buyers were resembling you.
And smart too! Buying less than you qualify for. I'm proud of you! Source(s): 14 yrs San Antonio Realtor
Related Questions:
Interest rates human being equal, where on earth is the best place to apply for a mortgage? regular mound or mortgage company?
Banks enjoy more regulation for the protection of the borrower, so the bank! if the rates are the same look at the closing costs and other flavors ie pmi insurance (scam), how...
First-time homebuyer
Credit = 725ish
Pre-qualified for $80k
Probably getting a $70k home.
Please give me some recommend. Thanks in advance!
Answers:
Hi Amanda ,
I have had a home Through FHA (Farmers Home Admintstration)
Fixed rate ...vary . They do go by your income monthy.
You can get a fixed rate as low as 6% if you unite requirments.
I would never use anyone else !...lol...lisa Source(s): FHA
All the help you will have need of! With your credit you probably will get somewhere around 5-6%, but it doesn't really matter because we own a software that will show you how to pay your home off within 7-10 years anyway, eliminating your interest! Honestly go to www.savingthousandsininterest.com and monitor the video and give us a call!
Glad to be of backing!
With your rack up, and 20% down payment, it's a no brainer. Don't go FHA. Get a conventional loan, 80% LTV, no PMI.
I craving all my buyers were resembling you.
And smart too! Buying less than you qualify for. I'm proud of you! Source(s): 14 yrs San Antonio Realtor
Related Questions:
Interest rates human being equal, where on earth is the best place to apply for a mortgage? regular mound or mortgage company?
Banks enjoy more regulation for the protection of the borrower, so the bank! if the rates are the same look at the closing costs and other flavors ie pmi insurance (scam), how...