Posted on: 19th Nov, 2010 03:14 pm
I AM IN THE PROCESS OF BUYING MY FIRST HOME. I AM ABLE TO PUT DOWN A LITTLE MORE THAN 25% OF THE AGREED UPON PRICE. HOWEVER, I AM STILL HAVING TROUBLE GETTING A CONVENTIONAL MORTGAGE. I HAVE BEEN APPROVED FOR AN FHA LOAN. I DO NOT HOWEVER WANT TO BE OBLIGATED TO A 5 YEAR MORTGAGE INSURANCE PREMIUM. MY FATHER HAS OFFERED TO COSIGN FOR ME BUT, THROUGH FHA, THE MIP IS STILL MANDATORY. ARE THERE ANY CONVENTIONAL LOANS AVAILABLE TO ME WITH OR WITHOUT A COSIGNER? BY THE WAY, IN LIVE IN NEW YORK.
Hi VMV1551,
Welcome to Mortgage fit,
You haven't mentioned your credit score and employment history...Surely traditional loans are available to those who are having credit score nearly about 700.
You may discuss your proposal with lenders available on community.It is preferable that you deal with a local lender..You can consult with lenders either through PM or email....
here is the link to the list of lenders...
http://www.mortgagefit.com/lenders/dir/
Feel free to ask any further query if you have........
DIPA
Welcome to Mortgage fit,
You haven't mentioned your credit score and employment history...Surely traditional loans are available to those who are having credit score nearly about 700.
You may discuss your proposal with lenders available on community.It is preferable that you deal with a local lender..You can consult with lenders either through PM or email....
here is the link to the list of lenders...
http://www.mortgagefit.com/lenders/dir/
Feel free to ask any further query if you have........
DIPA