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do you offer 80-10-10 with cc scores of 719 and 714 in tennessee

by darren213 from Clarksville, Tennessee. Apr 17th 2017 Reply

William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,683 contributions

More info needed,,, specifically, why are you looking for an 80/10/10? typically, it's to avoid mortgage insurance.. and if that's why, then I would say your better off paying MI than doing an 80/10/10... There are different lending programs, each one requires a different minimum down payment.. For conventional, you only need 3% if you are a first time home buyer, otherwise it's 5%.. but unless you put 20% down, you will have to pay MI.. however, this is not necessarily bad.. With your scores.. For every $100K financed, the MI is $60 per month.. and once you hit 80% loan to value, you can either refinance or ask your lender to drop the MI.. If you go FHA, then the MI in most instances, is there for the life of the loan.. The same for USDA.. But for VA.. there is no MI required.. Your best option is to contact a local mortgage banker/broker and ask them to give you several scenarios.. but stay away form the really big box banks as well as the small credit unions.. neither will give you the time of day.. I'm a preferred Lender with Arizona and California 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Apr 17th 2017
Nancy J Releford (nancyreleford)
#4 ranked lender in Tennessee - 224 contributions

I agree with William. I do have one lender that will do a conventional mortgage with only 1% down.I am located in Murfreesboro, give my office a call to,discuss further.615-867-3060

Apr 17th 2017
Steven Brand (stevenbrand)
#3 ranked lender in Minnesota - 103 contributions

Contact Alex at That dude is wicked smart.

Apr 18th 2017
Chris Bufis (ChrisBufis)
#109 ranked lender in Virginia - 8 contributions

I have an 80-10-10 available for you. It would depend on the loan amount though. I can help you in TN. Please respond or reply to me directly the purchase price and I will get you some numbers.

Apr 19th 2017
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