Posted on: 17th Sep, 2010 01:06 pm
need help have excellent credit only have 10% down and both husband and i are self employed need to use bank statements and taxes to prove more money is made can anyone help Thanks paula
Hi bdckwrth,
You can go for a FHA loan as you've only 10% down payment. If you want to go for a conventional loan, then the lender will ask you to go for PMI as you won't be able to pay a 20% down.
Thanks
You can go for a FHA loan as you've only 10% down payment. If you want to go for a conventional loan, then the lender will ask you to go for PMI as you won't be able to pay a 20% down.
Thanks