- This topic has 130 replies, 13 voices, and was last updated 14 years, 7 months ago by
HLS.
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February 23, 2010 at 8:58 PM #518146April 28, 2010 at 3:35 PM #544588
HLS
ParticipantApril 2010..
5% down up to 417,000 and 10% down over $417,000
is possible again for conventional Fannie/Freddie loans in CA.You do need a good middle credit score, I think it is at least 720 for 10% down and 760 for 5% down.
Mortgage insurance is extra.
***********
For FHA loans the up front funding fee has been increased to 2.25% of the loan amount. On a $400K loan this is $9000.00 (wasted)If credit score does not qualify for Fannie/Freddie then FHA is the only option with a low down payment.
April 28, 2010 at 3:35 PM #544703ParticipantApril 2010..
5% down up to 417,000 and 10% down over $417,000
is possible again for conventional Fannie/Freddie loans in CA.You do need a good middle credit score, I think it is at least 720 for 10% down and 760 for 5% down.
Mortgage insurance is extra.
***********
For FHA loans the up front funding fee has been increased to 2.25% of the loan amount. On a $400K loan this is $9000.00 (wasted)If credit score does not qualify for Fannie/Freddie then FHA is the only option with a low down payment.
April 28, 2010 at 3:35 PM #545181ParticipantApril 2010..
5% down up to 417,000 and 10% down over $417,000
is possible again for conventional Fannie/Freddie loans in CA.You do need a good middle credit score, I think it is at least 720 for 10% down and 760 for 5% down.
Mortgage insurance is extra.
***********
For FHA loans the up front funding fee has been increased to 2.25% of the loan amount. On a $400K loan this is $9000.00 (wasted)If credit score does not qualify for Fannie/Freddie then FHA is the only option with a low down payment.
April 28, 2010 at 3:35 PM #545278ParticipantApril 2010..
5% down up to 417,000 and 10% down over $417,000
is possible again for conventional Fannie/Freddie loans in CA.You do need a good middle credit score, I think it is at least 720 for 10% down and 760 for 5% down.
Mortgage insurance is extra.
***********
For FHA loans the up front funding fee has been increased to 2.25% of the loan amount. On a $400K loan this is $9000.00 (wasted)If credit score does not qualify for Fannie/Freddie then FHA is the only option with a low down payment.
April 28, 2010 at 3:35 PM #545550ParticipantApril 2010..
5% down up to 417,000 and 10% down over $417,000
is possible again for conventional Fannie/Freddie loans in CA.You do need a good middle credit score, I think it is at least 720 for 10% down and 760 for 5% down.
Mortgage insurance is extra.
***********
For FHA loans the up front funding fee has been increased to 2.25% of the loan amount. On a $400K loan this is $9000.00 (wasted)If credit score does not qualify for Fannie/Freddie then FHA is the only option with a low down payment.
April 28, 2010 at 4:39 PM #544633SD Transplant
Participantmany thanks HLS for keeping us updated.
April 28, 2010 at 4:39 PM #544748Participantmany thanks HLS for keeping us updated.
April 28, 2010 at 4:39 PM #545226Participantmany thanks HLS for keeping us updated.
April 28, 2010 at 4:39 PM #545323Participantmany thanks HLS for keeping us updated.
April 28, 2010 at 4:39 PM #545595Participantmany thanks HLS for keeping us updated.
April 29, 2010 at 1:50 AM #544744CA renter
Participant[quote=HLS]April 2010..
5% down up to 417,000 and 10% down over $417,000
is possible again for conventional Fannie/Freddie loans in CA.You do need a good middle credit score, I think it is at least 720 for 10% down and 760 for 5% down.
Mortgage insurance is extra.
***********
For FHA loans the up front funding fee has been increased to 2.25% of the loan amount. On a $400K loan this is $9000.00 (wasted)If credit score does not qualify for Fannie/Freddie then FHA is the only option with a low down payment.[/quote]
Yes, many thanks, HLS. Your input is always appreciated.
So they’re lowering standards again? Was the 5% down available last month?
April 29, 2010 at 1:50 AM #544858Participant[quote=HLS]April 2010..
5% down up to 417,000 and 10% down over $417,000
is possible again for conventional Fannie/Freddie loans in CA.You do need a good middle credit score, I think it is at least 720 for 10% down and 760 for 5% down.
Mortgage insurance is extra.
***********
For FHA loans the up front funding fee has been increased to 2.25% of the loan amount. On a $400K loan this is $9000.00 (wasted)If credit score does not qualify for Fannie/Freddie then FHA is the only option with a low down payment.[/quote]
Yes, many thanks, HLS. Your input is always appreciated.
So they’re lowering standards again? Was the 5% down available last month?
April 29, 2010 at 1:50 AM #545336Participant[quote=HLS]April 2010..
5% down up to 417,000 and 10% down over $417,000
is possible again for conventional Fannie/Freddie loans in CA.You do need a good middle credit score, I think it is at least 720 for 10% down and 760 for 5% down.
Mortgage insurance is extra.
***********
For FHA loans the up front funding fee has been increased to 2.25% of the loan amount. On a $400K loan this is $9000.00 (wasted)If credit score does not qualify for Fannie/Freddie then FHA is the only option with a low down payment.[/quote]
Yes, many thanks, HLS. Your input is always appreciated.
So they’re lowering standards again? Was the 5% down available last month?
April 29, 2010 at 1:50 AM #545433Participant[quote=HLS]April 2010..
5% down up to 417,000 and 10% down over $417,000
is possible again for conventional Fannie/Freddie loans in CA.You do need a good middle credit score, I think it is at least 720 for 10% down and 760 for 5% down.
Mortgage insurance is extra.
***********
For FHA loans the up front funding fee has been increased to 2.25% of the loan amount. On a $400K loan this is $9000.00 (wasted)If credit score does not qualify for Fannie/Freddie then FHA is the only option with a low down payment.[/quote]
Yes, many thanks, HLS. Your input is always appreciated.
So they’re lowering standards again? Was the 5% down available last month?
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