3 ms·
I just posted similarly about down payments, but 20% seems to not generally be the case anymore. FHA loans are as low as 3.5%. I paid 5% down for a non-FHA loan
by eropple 7y ago
I just posted similarly about down payments, but 20% seems to not generally be the case anymore. FHA loans are as low as 3.5%. I paid 5% down for a non-FHA loan.
PMI is then a thing, of course, but you can get in the door.
(This is not to say that down payments, as well as initial habilitability outlay, might not crushing. Our small, train-accessible single-family in the Boston area cost half a million dollars and we had to immediately gut the place for remodeling and for asbestos remediation, to the tune of $100K.)