Consumption and Real Estate
When to apply for an FHA mortgage loan?
Question : When to apply for an FHA mortgage loan?
I am half way to my 3.5% down, when can I apply for the loan? Do I have to have all of the 3.5%?
fha mortgage loan
Best answer:
Answer by Ryan M
YES!!!!
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#2 written by brendairelan2002 1 year ago
find a lender and start your paper work now. They may know af any other plans that may let you put down less. some times you can out closing coast in the loan or maybe even get the seller to pay them. If you are a first time buyer you can get a $ 8,000 tax credit. If you get it use it wisely pay down your loan or use it to set up an emergency fund
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You need that plus money to close, about 3k more, but that is just an average.