03-04-2013 08:51 AM
Has anyone here done a 3% down conventional loan within the past year or so? Does anyone know of any lenders that do 3% down conventional loans? Please PM me or post below. Thank you.
03-04-2013 08:55 AM
NACA does 0% down conventional...
03-04-2013 09:11 AM
03-04-2013 10:08 AM
I don't qualify for NACA due to the price of the home being above max limit in my area.
I'm looking for a 3% down conventional because I'm going to pay off my car note to lower my DTI, and that will cut into my savings for the downpayment.
03-04-2013 11:40 AM
Personally I dont see the benefit of going Conv with 3% down.
Rates are higher going Conv. and you still paying PMI.
The rate alone probably cost you 25-75 a month for the duration of the loan.
What % point would you say is more beneficial with with a conventional?
03-04-2013 11:56 AM
03-04-2013 11:59 AM