Straight 90 purchase
2 posts • Page 1 of 1
Straight 90 purchase
by PCGMI » Tue Jun 30, 2009 5:44 pm
Suggestions on ease of transaction? FHA/Conventional? Any information or would be greatly appreciated!
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Re: Straight 90 purchase
by dsemler » Mon Jul 06, 2009 2:34 pm
The answer really depends on whether or not you can qualify for mortgage insurance. is the property in a distressed market -- check the pmi zip code table here http://www.pmi-us.com/map/
Do you have the credit score: Conventional you need a 680 credit score.
Do you have reserves to get approved for conventional?
If your case is strong and the property is not in a declining area then conventional will probably be easier. Any hic ups and FHA will be the way to go
Do you have the credit score: Conventional you need a 680 credit score.
Do you have reserves to get approved for conventional?
If your case is strong and the property is not in a declining area then conventional will probably be easier. Any hic ups and FHA will be the way to go
Providing consumer info via various websites: http://www.fhainfo.com, http://www.vainfo.net, http://www.mycreditsbad.com
Visit my blog at http://www.mortgage-guy.com
Visit my blog at http://www.mortgage-guy.com
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