fha down payment - Mortgagefit

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fha down payment

Garysnober

Posted on: 31st Aug, 2009 06:40 pm

can i go as low as 3.5% dp?

Total Reply : 3

Hi Jennyy, Yes FHA loans do require a minimum down payment of 3.5% hope this helps.

Garysnober

Posted on: 31st Aug, 2009 06:41 pm

That's correct FHA requires 3.5% downa with a minimum credit score of 620

Also you will probably pay MIP - Mortgage Insurace with FHA loan

sunnyca2009

Posted on: 31st Aug, 2009 08:02 pm

HI Jennyy,

Welcome to our forum.

Yes, 3.5% of loan amount downpayment is required for FHA(Federal Housing Administration).

Thanks & Regards.
Gunz.ijjistaff

gunz.ijjistaff

Posted on: 31st Aug, 2009 08:12 pm

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