I was told that you have to pay PMI for 2 years even if the LTV is at 80%. I was also told it was 78% LTV. You might want to confirm with a loan officer just so you aren’t disappointed with all of the FHA rules.
Personally, I don’t like that you can’t waive escrow on FHA so you will have taxes and insurance included in your monthly payment. I would rather keep the cash and pay it every 6 months.
FHA with a minimum down payment sounds good. You can walk away if prices go down a lot more. Why are FHA terms not being offered by purely private parties? Because the implicit at-the-money put option given to you by that FHA loan is very valuable, and FHA is underpricing it. Take advantage.
FHA with a minimum down payment sounds good. You can walk away if prices go down a lot more. Why are FHA terms not being offered by purely private parties? Because the implicit at-the-money put option given to you by that FHA loan is very valuable, and FHA is underpricing it. Take advantage.
FHA with a minimum down payment sounds good. You can walk away if prices go down a lot more. Why are FHA terms not being offered by purely private parties? Because the implicit at-the-money put option given to you by that FHA loan is very valuable, and FHA is underpricing it. Take advantage.
FHA with a minimum down payment sounds good. You can walk away if prices go down a lot more. Why are FHA terms not being offered by purely private parties? Because the implicit at-the-money put option given to you by that FHA loan is very valuable, and FHA is underpricing it. Take advantage.
FHA with a minimum down payment sounds good. You can walk away if prices go down a lot more. Why are FHA terms not being offered by purely private parties? Because the implicit at-the-money put option given to you by that FHA loan is very valuable, and FHA is underpricing it. Take advantage.
