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Are banks offering conforming loans at 90% LTV?

I am looking for a 90% LTV purchase mortgage and am having a hard time as I am not a first time home buyer. If my husband has never had a mortgage, would he be eligible for an FHA loan? by edtrum_552_613 from Fort Lauderdale, Florida. Apr 15th 2012 Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,970 contributions

90%? Sure, we even do 95% conventional. But just like every loan program, underwriting is much more than just one item like loan-to-value or credit score. For example, most lenders will do 95% conventional, but you need a higher score - maybe over 700 or even 720. On the other hand, FHA is NOT just a first time buyer program and will go all the way to 96.5% with scores down to 640.

Apr 16th 2012
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Stephen McWilliam (StephenMcWilliam)
#137 ranked lender in Florida - 45 contributions

Yes, we actually can do up to 95% LTV conventional. Please call me directly at 954-449-1767.

Apr 15th 2012
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J.D. Peck (MortgageColoradoSprings)
#45 ranked lender in Colorado - 77 contributions

90% is certainly available in a conforming product, and depending upon the credit situation, the mortgage insurance maybe less than that of an FHA mortgage at 90%. There are also some conforming products that go up to 90% with no mortgage insurance, but are a little more difficult to qualify for. My best advice would be to contact a local broker, go over all of the options, and request an amortization schedule for each scenario. This will show you the advantages/disadvantages over the long run.

Apr 16th 2012
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Melvin List (melvinlist)
#144 ranked lender in Florida - 124 contributions

If you get an approved eligible you can go conventional with a 680 credit score. If you fall below a 680 you will want to look for an FHA loan.I only Lend in Florida!

Apr 16th 2012
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neil sherry (1neilly1)
#132 ranked lender in Florida - 7 contributions

How are you? We are located in South FLorida too---your deal sounds very doable..We have access to "LOCAL" FHA/FANNIE MAE CONVENTIONAL GOVERNMENT LENDERS--CALL anytime to discuss NEIL SHERRY FLORIDA MORTGAGE CONSULTANTS 561-732-6376 neil@flmtgcon.com---nlms 328117

Apr 16th 2012
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Florida - 796 contributions

We have over 25 wholesale lender/banks to shop for the best rate and program for you, up to 95% on conventional and 96.5% on FHA. Call me 954-274-7725 Ralph Guertin

Apr 16th 2012
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

There is a lot of information missing, however, there are 90% conventional loans available, and FHA only requires 3.5% down. Contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders... the LOCAL broker is familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Apr 16th 2012
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