Home Loan

[ThePunisher95]

I know i asked this question once before but now I am more serious about it, but were and what place is the best to get a home loan? Can I do one without a downpayment?

[princessturtle]

u can do 100% financing ONLY in some rural areas. Buckeye, stuff like that. FHA does 3.5% down. If you do FHA, you have to have EVERYTHING documented. Don't do countrywide. There's multiple issues with them. Besides that, i don't kno of any good lenders. i've never liked any of mine. but, start lookin. ziprealty.com is a great place to start lookin at homes and prices on your own time.

[HIKER]

These days it's almost impossible to get a loan with no down payment. FHA is going to be your best bet for a low down payment. FHA is coming out with new programs every month. One program upcoming if not already released is for new buyers only, a fixed rate of 4.5% for 30 years. That's a pretty good deal.

I deal with about 5-10 different lenders in the valley. I do all their appraisals.

If you find a lender, tell them you have an appraiser. I'll give you a HPS discount...

[princessturtle]

These days it's almost impossible to get a loan with no down payment. FHA is going to be your best bet for a low down payment. FHA is coming out with new programs every month. One program upcoming if not already released is for new buyers only, a fixed rate of 4.5% for 30 years. That's a pretty good deal.

I deal with about 5-10 different lenders in the valley. I do all their appraisals.

damn, i wish i could get that.

If you find a lender, tell them you have an appraiser. I'll give you a HPS discount...

pm me with how much it would cost, cuz imma prob need it.

[BurnTire]

I locked a refi with Metlife at 4.75 about a month ago.

[AZSaleen04]

I've heard that part of the package that is coming out is going to have a 4% interest rate guaranteed by the government for a 30 year mortgage for new buyers.

[Jacostang]

I've heard that part of the package that is coming out is going to have a 4% interest rate guaranteed by the government for a 30 year mortgage for new buyers.

Yup its one good thing in the "Package" that we are going to jump on for sure!!

[HIKER]

I believe those rates from FHA are for first time buyers only...

[El Jefe]

I've heard that part of the package that is coming out is going to have a 4% interest rate guaranteed by the government for a 30 year mortgage for new buyers.

I heard they're trying to get it even lower than that

[evil281]

i hope so because im looking for my first house