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
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.