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Do FHA loans always require 20% down?

by kalla720 from Toquerville, Utah. Jan 19th 2018 Reply


Brandon Brady (BrandonBrady)
#66 ranked lender in Utah - 16 contributions

Absolutely not! Most of the time it is just 3.5% down.

Jan 19th 2018
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Casey Persinger (casey@thelowpricelender.com)
#31 ranked lender in Utah - 30 contributions

No they don't, you can actually obtain an FHA loan with ZERO money down. Of course there's fine print with regards to the 3.5% down payment written about in other answers. I can be reached at 801.682.LOAN of you want to discuss further!

Jan 19th 2018
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Ron Pippin (RonPippin)
#26 ranked lender in Utah - 158 contributions

FHA loans require 3.5% down. but can be as little as zero down. Check out www.NoDownUtah.com for zero money down options. If you are in Toquerville, you an qualify for a rural housing loan which requires zero down.

Jan 20th 2018
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,414 contributions

FHA has never required 20% down.. they only require 3.5% down.. For conventional, you can buy for 3% to 5% down, but if you put 20% down.. you wont have to pay mortgage insurance. The only loan product that "requires" 20% down, is an investment purchase with conventional financing... I'm a preferred Lender with California and Arizona being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Jan 21st 2018
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