FHA Downpayment - Mortgagefit

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FHA Downpayment

Posted on: 14th Aug, 2009 03:24 pm

Does FHA allow just 3.5% down payment? thanks

Hi Louis, Yes FHA does allow just 3.5% down payment that is the minimum down payment for them so you should be fine.

Posted on: 14th Aug, 2009 03:25 pm

Just to add to that

3.5% down with minimum score of 620

MIP - Upfront 1.75% and monthly PMI

Posted on: 14th Aug, 2009 07:51 pm

yes its requirement of 3.5% downpayment.

Posted on: 15th Aug, 2009 08:53 am

Sure

Posted on: 15th Aug, 2009 09:26 am