Can you buy in this market with 10% down?

[Scarlett]

If you have 10% down, you shouldn’t go FHA – WAY too expensive in fees. There are enough lenders that will give you a loan with 10% down. Of course you will still have PMI to pay (300-400 extra monthly for that amount). Only catch is that you may have to prove additional funds to pay the PITI for at least 3 months (in addition to your 10% down) – and I don’t know if you retirements count for that.

P.S. rates vary every hour so the question “what rate I would get” is kind of useless…

P.P.S. You can ask HLS (Sheldon). I was in the same boat as you and we got pre-qualed for 10% down loan. We didn’t end up buying but that’s another story.

[Scarlett]

Have your financial reserves or your income improved significantly since the thread you started last year?

http://piggington.com/want_to_buy_but_can039t_come_up_with_20_down_payment

IIRC – acronym for “If I Recall Correctly”

The FHA fees have increased relatively recently – this year I think.

[Scarlett]

Have your financial reserves or your income improved significantly since the thread you started last year?

http://piggington.com/want_to_buy_but_can039t_come_up_with_20_down_payment

IIRC – acronym for “If I Recall Correctly”

The FHA fees have increased relatively recently – this year I think.

[Scarlett]

Have your financial reserves or your income improved significantly since the thread you started last year?

http://piggington.com/want_to_buy_but_can039t_come_up_with_20_down_payment

IIRC – acronym for “If I Recall Correctly”

The FHA fees have increased relatively recently – this year I think.

[Scarlett]

Have your financial reserves or your income improved significantly since the thread you started last year?

http://piggington.com/want_to_buy_but_can039t_come_up_with_20_down_payment

IIRC – acronym for “If I Recall Correctly”

The FHA fees have increased relatively recently – this year I think.

[Scarlett]

Have your financial reserves or your income improved significantly since the thread you started last year?

http://piggington.com/want_to_buy_but_can039t_come_up_with_20_down_payment

IIRC – acronym for “If I Recall Correctly”

The FHA fees have increased relatively recently – this year I think.

[waiting hawk]

I was lucky enough to get a conventional loan at 15% down on a 350k purchase with a $97 a month PMI fee. After 5 months of paying that I went to Sheldon and refied and my value was around 60% so I dumped the pmi and got a lower rate. Its all about the appraisal after the purchase.

[waiting hawk]

I was lucky enough to get a conventional loan at 15% down on a 350k purchase with a $97 a month PMI fee. After 5 months of paying that I went to Sheldon and refied and my value was around 60% so I dumped the pmi and got a lower rate. Its all about the appraisal after the purchase.

[waiting hawk]

I was lucky enough to get a conventional loan at 15% down on a 350k purchase with a $97 a month PMI fee. After 5 months of paying that I went to Sheldon and refied and my value was around 60% so I dumped the pmi and got a lower rate. Its all about the appraisal after the purchase.

[waiting hawk]

I was lucky enough to get a conventional loan at 15% down on a 350k purchase with a $97 a month PMI fee. After 5 months of paying that I went to Sheldon and refied and my value was around 60% so I dumped the pmi and got a lower rate. Its all about the appraisal after the purchase.

[waiting hawk]

I was lucky enough to get a conventional loan at 15% down on a 350k purchase with a $97 a month PMI fee. After 5 months of paying that I went to Sheldon and refied and my value was around 60% so I dumped the pmi and got a lower rate. Its all about the appraisal after the purchase.

[sdrealtor]

There are conventional loans at 10% down but you will likely have some PMI. Keep your loan amount under $417,000 and you should be fine.

[sdrealtor]

There are conventional loans at 10% down but you will likely have some PMI. Keep your loan amount under $417,000 and you should be fine.

[sdrealtor]

There are conventional loans at 10% down but you will likely have some PMI. Keep your loan amount under $417,000 and you should be fine.

[sdrealtor]

There are conventional loans at 10% down but you will likely have some PMI. Keep your loan amount under $417,000 and you should be fine.

[Author]

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