Forgotten Your Password?

Need to Register?

Question Icon

what is max contribution for a conventional loan?

in Washington by kylieduee892691 from Roosevelt, Washington. Apr 20th 2015 Reply


Dave Skow (daveskow)
#16 ranked lender in Washington - 143 contributions

depends on the loan program ...6% if CLTV is from 75.01 to 90%3% if over 90% CLTV

Apr 20th 2015
1
0
Dave Skow (daveskow)
#16 ranked lender in Washington - 143 contributions

6% if CLTV is from 75.01 to 90%3% if over 90% CLTV

Apr 20th 2015
1
0
Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

Either 3% or 6%, as Dave stated it depends on the program or LTV.

Apr 20th 2015
1
0
Derick Condron (rightstartoregon)
#33 ranked lender in Oregon - 597 contributions

2% on investment. 6&% under 90 and 3% 90% LTV and over.

Apr 20th 2015
1
0
Phil Dumouchel (PhilDu)
#1 ranked lender in South Carolina - 2,228 contributions

Dave and others have answered, I'm assuming you are also meaning a conventional, conforming loan (not a jumbo mortgage)

Apr 20th 2015
1
0
William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

2% to 9% depending on the occupancy type, and how much (percentage) you're putting down.. 2% maximum for investment properties regardless of your loan to value. Owner occupied properties are as follows.. 3% if you're putting less than 10% down, 6% if you're putting more than 10% but less than 25% and 9% if you're putting more than 25% down. obviously, the seller has to agree to it as well, but these are the MAXIMUM allowable for FNMA.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Apr 20th 2015
1
0
Subscribe to our news feed.