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Tagged with: down payment
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Betty Kerrigan
18 days ago
My son in law wants to purchase 10 acres of land, which includes a 3 bedroom\2 bath mobile home. He has been at his job for 12 years, but has no credit. He'd like to put 10% down. He's 57 years old and would be a first time home buyer. Would he qualify for a FHA mortgage?
My son in law wants to purchase 10 acres of land, which includes a 3 bedroom\2 bath mobile home. He has been at his job for 12 years, but has no credit. He'd like to put 10% down. He's 57 years old and would be a first time home buyer. Would... (more)
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A Curious User
5 months ago
Buying a home from my parents for $150,000 they have been gifting me equity, about $100,000. House is worth $250,000. Can $100.000 of gifted equity be use as down payment?
Buying a home from my parents for $150,000 they have been gifting me equity, about $100,000. House is worth $250,000. Can $100.000 of gifted equity be use as down payment?
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We are planning to buy a 2 unit property. Do we qualify for FHA loan with 3.5 percent down payment? Planning to by it with my girlfriend as co-borrower. Do we qualify for loan? We both have good credit score.
We are planning to buy a 2 unit property. Do we qualify for FHA loan with 3.5 percent down payment? Planning to by it with my girlfriend as co-borrower. Do we qualify for loan? We both have good credit score.
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A Curious User
9 months ago
I am in the market for a new home and want to know if I can borrow the money for a down payment.
I am in the market for a new home and want to know if I can borrow the money for a down payment.
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Suzanne Culp
a year ago
I know I need to put down 3.5 % w/ an FHA loan. Can that money be gifted to me from a family member?
I know I need to put down 3.5 % w/ an FHA loan. Can that money be gifted to me from a family member?
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242
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Diana Epps
a year ago
My husband and I have the down payment for a house. We have debt of 6,000 IRS taxes. Should we take out a loan and pay the debt off before buying a house.
My husband and I have the down payment for a house. We have debt of 6,000 IRS taxes. Should we take out a loan and pay the debt off before buying a house.
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Tara Edwards
a year ago
We have owned homes in the past but are currently leasing. We have property to build a house, but we do not have money for a large down payment. Are there FHA loans available for new home construction. If so, are the guidelines different than new purchase? We have had to work to rebuild our credit after the recession, and it's still a work in progress. I'm curious if the standards and guidelines are more rigid for this type of loan, if they are available. Thanks for your help!
We have owned homes in the past but are currently leasing. We have property to build a house, but we do not have money for a large down payment. Are there FHA loans available for new home construction. If so, are the guidelines different than new... (more)
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lisa z... Asked 1 more question
a year ago
I was told I can only apply for an FHA loan because we have good income, but a thin credit history. How can I avoid the mortgage insurance on an FHA loan?

The FHA website says "FHA requirements include mortgage insurance primarily for borrowers making a down payment of less than 20 percent." So can I assume 20% or more will eliminate PMI?

Thank you! :)
I was told I can only apply for an FHA loan because we have good income, but a thin credit history. How can I avoid the mortgage insurance on an FHA loan?

The FHA website says "FHA requirements include mortgage insurance primarily for borrowers... (more)
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Jeanete Boles
a year ago
I want to apply for the FHA203K loan and us PHFA down payment assistance program. Am I able to use both programs?
I want to apply for the FHA203K loan and us PHFA down payment assistance program. Am I able to use both programs?
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