depends on the loan program ...6% if CLTV is from 75.01 to 90%3% if over 90% CLTV
6% if CLTV is from 75.01 to 90%3% if over 90% CLTV
Either 3% or 6%, as Dave stated it depends on the program or LTV.
2% on investment. 6&% under 90 and 3% 90% LTV and over.
Dave and others have answered, I'm assuming you are also meaning a conventional, conforming loan (not a jumbo mortgage)
2% to 9% depending on the occupancy type, and how much (percentage) you're putting down.. 2% maximum for investment properties regardless of your loan to value. Owner occupied properties are as follows.. 3% if you're putting less than 10% down, 6% if you're putting more than 10% but less than 25% and 9% if you're putting more than 25% down. obviously, the seller has to agree to it as well, but these are the MAXIMUM allowable for FNMA.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
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