need Best loan program for my husband and i
hello we are moving from texarkana to el paso and first time buyers. combined income of 125k and my credit is 734, his is 700. catch is we do not have a lot to put down, about $3000 but still saving. best mortgage for us? by ginaerland796423347 from Texarkana, Texas. Aug 5th 2014
Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions
You would need to consider using FHA Insured Financing with 3.5% down payment (all can be gifted) and you can ask the seller to cover your closing costs. USDA has income eligibility and your income exceeds the maximum income allowed for the area. This would likely be your best option, but speak to a mortgage professional to get more details. Good Luck!
Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions
Check with a local community bank that offers the home sweet Texas home down payment assistance program for help with the closing costs. Good Luck on your new home purchase!
Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions
FHA is your best bet. 3.5% down. They will also allow Gift Funds and Down Payment Assistance Programs (Grant Monies).
MIKE CONVIN (mconvin)
#6 ranked lender in Delaware - 202 contributions
hi there: can u check in that new county you are moving into if they have any down payment assistance program ? Also if you need closing costs we can assist you both. Lending Nationwide as a bank. NMLS 754875..Mike 703 505 5300
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