This would be for s single family house in CT.
2007-10-17 07:55:00 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
This would be for a single family house in CT.
2007-10-17 07:55:36 · update #1
Yup, they are still out there. Companies are still making those loans but the guidelines are becoming more strict. Credit scores and debt/income ratio qualifications have been raised. The investors on the secondary market want to see strong loan packages with less risk. I just noticed you are in CT. I can only speak for Ca.
If I were you I'd start with Quickenloans or Countrywide. You can put out a request on Bankrate.com as well.
2007-10-17 08:08:44 · answer #1 · answered by Michael 4 · 0⤊ 1⤋
Not very many pf the 80/20 loans around, although if your credit is great you might be able to fine one. But without 20% equity you'll almost surely have to have PMI.
2007-10-17 08:11:10 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Ok Im confused an 80/20 means that you put down 20% of the value and get an 80% loan, on the other hand a 100% loan means that you put nothing down and have to get PMI
If you mean will they give you 100% of the 80% of value loan without PMI then the answer is yes.
2007-10-17 08:06:42 · answer #3 · answered by newmexicorealestateforms 6 · 0⤊ 4⤋