Would I be able to get a loan with less than 20% down payment in this market? Right now I have about $75K in stocks and cash and can borrow another $30K from my brother.
Assuming that I will buy a $520K house, and put down 15% ($78K). Will I have enough cash for closing cost? My sister-in-law is a realtor and she waives her fee.
Also, Can I borrow the remaining $442K? If I can, how much PMI will be?
I would be a first time home buyer, is there any assitance from the government that I can use?
