4 ms·
Is this true everywhere? Not that I think it’s a great idea to buy in the Bay Area, but a $3M 1800sq foot home for a family of 3 who works from home in a good s
by dfee 5y ago
Is this true everywhere? Not that I think it’s a great idea to buy in the Bay Area, but a $3M 1800sq foot home for a family of 3 who works from home in a good school district… is that really available with 0% down?
- eropple 5y agoBay Area homes often don't qualify for FHA stuff due to price. Other major metropolitan areas do OK, though. I put 5% down on my first house just outside of Boston and 10% at my current home (voluntarily, my mortgage broker asked for 6.5%).
- ryathal 5y ago0% down is impossible for FHA or Fannie/Freddy, but it may be possible as a private loan or through grants that give you the 3-5% down required.