Quote:
Originally posted by DrGuile
please tell me why,
contrary to most people here, Im quite willing to admit and learn from my errors.
|
there are many loans out there that allow you to put very little down.
It does not mean that if you do not have 15% to put down you should not buy.
You can do 80%-10%-10%
or just an 80-10
or like Veterans Day said FHA loans... many many ways.
---------------
Quote:
|
If your FICO score is over 620, you can get a no-doc mortgage (at least where I live). So even with no proof of income you can get a loan, just a bit higher rate.
|
It's called a Stated Income loan. THe better your score the better the rate. As opposed to Full Docs.
