I spoke to my favorite lender this morning and he informed me that he can now offer Conventional financing for condominiums with just a 5% down payment. The lowest down payment last year for Conventional condo financing was 10% down. You can get 3.5% down condo...
FHA Loans
Down payment can be gift from a family member if you use an FHA loan
Aug 5, 2010 | FHA Loans, Salt Lake City homes, Salt Lake City real estate, Salt Lake County homes and condos
If a home buyer uses a FHA loan for their purchase of a home, all or part of the down payment can be a gift from a family member. FHA loans currently require just 3.5% down too. Kevin CoyleMBA, Associate BrokerKevin@SLCHomeBuyer.com801-243-0699 (Mobile)Stonebrook...
More on financing Salt Lake City Condos
Mar 11, 2010 | FHA Loans, Kevin Coyle, Salt Lake City condos, Salt Lake City real estate, Utah Condos
After writing last weeks Blog entry, I started wondering what percentage of Salt Lake condos actually sold FHA in the last 6 months. So I went to the Wasatch Front MLS and did a little research. I chose to evaluate three areas and price ranges. Area and price range...
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