FHA Loan 3.5% minimum down payment requirement Max loan amount will be 331,760$Upfront Mortgage insurance premium financed into the loan Condos must be on FHA approved listManufactured HomesNo income limits Seller concessions up to 6% of sales price Gifts allowed Conventional Loans 5% minimum down payment required private mortgage insurance required over 80% loan to value ratioseller concessions...
1. Loan Application and pre-Qualification Step one is to complete a full loan application. Once received a mortgage banker will help explain different financing options that are best suited for your goals. This begging stages of the process does not guarantee an approval for a mortgage however it does provide the knowledge required to set realistic expectations in respect to spending limits. 2....