Sentences with phrase «additional down payment requirements»

The FHA allows borrowers with scores as low as 500 to be eligible for financing, often with additional down payment requirements.

If comparable properties aren't available in close proximity to the subject property, due to square footage, land size, age or other variables, it can become an arduous process, often causing cost overruns or additional down payment requirements.

Not exact matches

I would not be surprised to see additional fee hikes and / or an increase in the minimum down payment requirements for the FHA program.

We do not have any additional information regarding down payment assistance grants for Arizona home buyers, or the specific requirements for such programs.

We do not have any additional information regarding down payment assistance grants for Arizona home buyers, or the specific requirements for such programs.

It is recommended however, to put a minimum of 20 % of the purchase price down which will make for smaller monthly payments but will also avoid additional financial requirements life private mortgage insurance, also known as PMI.

Watt also said that Fannie Mae and Freddie Mac will release in early December more details of the additional requirements borrowers must meet to make a 3 percent down payment on a mortgage.

We do not have any additional information regarding down payment assistance grants for Arizona home buyers, or the specific requirements for such programs.

You may be required to make an additional down payment contribution from your own funds if your «remaining liquid assets» at the time of settlement will exceed the greater of 6 months of your new housing PITI (principal, interest, taxes, and insurance) payment or $ 7,500 plus any additional payment reserve requirements that may be imposed by the first mortgage loan program.

The only thing different was the additional 5 % down payment requirement, of which I'm sure you're aware.

Brown also suggested additional policy changes that would ensure credit - worthy, low - down payment borrowers have access to homeownership, including easing the condo certification process and providing FHA with the flexibility to change program requirements when necessary to protect the fund.

Additional evidence that down payment requirements are an important barrier to homeownership comes from homeownership trends after 2004.