Can I get a loan at 5%?
I used to own a house and sold it 5 years ago. I was wondering if I can still get a loan at 5% or is it just a first time thing? Are there programs for down payment assistance I can avail? by amin137 from Sacramento, California. Nov 7th 2022
Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions
definitely no 5% rate loan programs right now ...FHA allows down payment of 3.5% of price ,,,there are conventional loans that require 3% down payment ...there are VA and USDA loans that allow 0 down ....there are down payment assistance programs avaiable ....meet with a loan officer and get pre approved
Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions
There are down payment assistance programs. Standard FHA down is 3.5% and conventional does offer 3% down subject to income guidelines otherwise standard is 5% down for conventional. Feel free to contact me to discuss your best options. 562.261.5500
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