Posted on: 02nd Jul, 2009 09:18 am
Hello~
Are lenders still allowing 80/20 loans to avoid a down payment?? My husband and I have had our condo on the market for over a year and we want to lower our asking price, but if we do then we won't have a down payment for our next house. We were approved for an FHA loan and we're planning on just having the 3 1/2% down. That's what we based our current asking price on.
Thanks so much
Shannon
Are lenders still allowing 80/20 loans to avoid a down payment?? My husband and I have had our condo on the market for over a year and we want to lower our asking price, but if we do then we won't have a down payment for our next house. We were approved for an FHA loan and we're planning on just having the 3 1/2% down. That's what we based our current asking price on.
Thanks so much
Shannon
your place? contact which lender?
???
To Shannon,
I've answered your query at http://www.mortgagefit.com/homeloan/downpayment-piggyback.html#104995 .
However, feel free to post further queries.
I've answered your query at http://www.mortgagefit.com/homeloan/downpayment-piggyback.html#104995 .
However, feel free to post further queries.