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do townhomes have different down payment requirements?

what mortgage would be best for a townhouse if i can put down 25k? by drello43892 from Pompano Beach, Florida. Feb 27th 2015 Reply


Barclay Butler (Barclay)
#83 ranked lender in Illinois - 76 contributions

Conventional loan is best so you can avoid mtg. insurance. With a conv. loan you do as little as 3% down. Barclay Butler, Barclay Butler Financial Inc. 224-420-9990.

Feb 27th 2015
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Todd Tholl (toddtholl@leader1.com)
#4 ranked lender in Iowa - 239 contributions

Depends on what percentage of the purchase price that 25K represents and your credit score.

Feb 28th 2015
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Toni Taylor (taylor_448_126)
#186 ranked lender in Florida - 7 contributions

There are several options depending upon your credit. . There are programs with small down payments and no mortgage insurance available.. I'm local in Jupiter.Inlet Mortgage 561-373-0371Toni Taylor Gibson

Feb 28th 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

As others have said, it really depends on the other factors in your application but conventional will be the best option for many if not most with that much downpayment - depending on the home prce and your credit score and DTI

Feb 28th 2015
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