Possible FHA loan questions.
12-26-2012 10:21 AM
Hey folks. Can someone give me some feedback on what most people look at in terms of APR, Interest, PMI, etc. on an FHA loan for the following situation? I am seriously considering purchasing a home this summer but want to see what others think. I don't have a "set" range for a home but would think that I want to keep it under $135K. I live in Waukesha, WI.
Current FICO score: 723, Income: 55K base +6k avg bonus, CC debt: 0, Auto Loan: 12,500. I have little money to put down as most of my discretionary money goes to retirement funds (401k, IRA & VUL). Any thoughts or insights on what costs/rates I'd be looking at? Any help is appreciated! Thanks!
Starting Score: 711
Current Score: 755
Goal Score: 760
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