What type of loan should I apply for - First time home buyer who is kinda clueless

[JaytheXman]

Hello everyone,

I will probably have around 10% to put down on a home valued around 300k (30k down payment) and want to know what I should do when I seek a mortgage.

I just paid of 30k in student loans and 17k in my car loans this month and have 0 credit card debt. So my DTI is 0.

My fico score according to scorewatch is in the mid 700's so hopefully after the above mentioned loans fall off, I might be in the high 700 range. I have nothing negative on my credit report.

[NyssaHoney]

If you're not in a hurry (patient) and want to take advantage of rate buy-down, check out NACA. 

[tooleman694]

You want to go conventional.

[adymax]

Conventional to avoid up front insurance. Keep in mind you need 6-7K for closing costs. 

[MrChairman]

Closing costs will be more around 10-11k. I got 8k in closing costs on a 240k loan.