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Darren Soodak's Answers


fannie homestyle versus 203k rehab
HomeStyle has lower mortgage insurance (interest rate is slightly higher). People use FHA 203k when they don't have money for down-payment or lower credit score.
What fico score do you need for a conventional loan?
Hi Jill,620 is the minimum for conventional. We can go lower on FHA. Please let me know if you would like a free, no obligaion analysis and credit check.Robert GaragusiNMLS #170077BancStar Mortgage, LLC8120 Woodmont Ave. Suite 830Bethesda, MD 20814240-644-6243 Direct301-346-6471...
how much do i have to put down to get no pmi on a homestyle renovation?
Jake - HomeStyle renovation has the same 20% down requirement if you want no MI. We can, however, offer lender-paid MI which can be paid for using a seller or lender credit.Darren Soodak(301) 440-8655dsoodak@emgloan.com

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