best mortgage rate for 203k or homestyle construction loan?
want to do a reno project with 696 fico. i do have 7% to put down but idk if i can go through fannie mae with that number. assuming homestyle would be better option if i can do that by orphanel784623501 from Freeport, Florida. Sep 22nd 2014
Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions
FHA 203K allows 3.5% down and Homestyle allows up to 95% or 5% down. Contact your local mortgage professional to get complete details.
Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions
With a 696 you could do either loan. Feel free to contact me for further details and rates. Team@BestMortgageOption.com or 800-991-5309 Michelle
Gene Neal (eneal@athccorp.com)
#31 ranked lender in New York - 281 contributions
You shouldn't have any issues. Do you know if you need to do a 203K streamline or a full 203K. Feel free to contact me at 631-408-0890 for a no cost, no obligation rate and fee estimate. If the numbers work, great. If not, at least you know exactly where you stand.
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