Should I go conventional 3% down instead of FHA?
It depends if you qualify for conventional financing due to Debt to income ratio and the biggest benefit to conventional is there is no upfront mortgage Insurance premium and the monthly is only required until the loan to value reaches 80% of the value of the property. Were you not shown the...

Am I able to get a loan with a very low down payment?
yes you can call me and we can discuss your options 732-505-4600 x324

Will payments automatically deducted from my pay to go into my 401K be deducted from my income for loan purposes?
Bob, no if this is your contribution if your 401K and for underwriting purposes we will use your gross income. In the case of a 401K loan payments deducted from your pay we will use it if the total loan exceeds 60% of your vested balance.Dennis FlanaganFamily First Funding, LLCFreehold, NJ 07728NMLS#...