Posted on: 17th Jun, 2009 07:01 pm
can i put just 3.5% down with a fha loan?
Hi Jrod, Yes you can thats the most minimum fha loans require so 3.5% is ok to put as a down payment.
jrod
Welcoem to the forum
Minimum required down payment for FHA is 3.5% but rememebr you will probably pay MIP or PMI on the loan and also there is a upfront MIP of 1.75% which you roll it in to the loan
Good luck and feel free to ask
Welcoem to the forum
Minimum required down payment for FHA is 3.5% but rememebr you will probably pay MIP or PMI on the loan and also there is a upfront MIP of 1.75% which you roll it in to the loan
Good luck and feel free to ask
Hi jrod,
Welcome to our forum.
Yes, You can make 3.5% down payment for FHA loan. 3.5% is the minimum required percentage of loan amount for down payment.
Thanks & Regards.
gunz.ijjistaff
Welcome to our forum.
Yes, You can make 3.5% down payment for FHA loan. 3.5% is the minimum required percentage of loan amount for down payment.
Thanks & Regards.
gunz.ijjistaff
FHA-insured loans are available in urban and rural areas for single family homes, for 2-unit, 3-unit, and 4-unit properties, and for condominiums. Interest rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Down payments can be as low as 3 percent, and closing costs can be wrapped into the mortgage.
I was not going to comment until I saw 3% down payment....it is in fact 3.5% like everyone else stated
3.5% is minimum down and mimimum that needs to be brought by you. Other costs and fees may be able to be rolled into loan itself.
It took quit a bit to go from 3.5% to 3.0 to 3.5% again
Yes, 3.5%.
One more to the party!