Bhagath_Singh Posted October 16 Report Posted October 16 13 minutes ago, anna_gari_maata said: ee new construction batch ki anthe migita antha normal loans e .. FHA never saw except for some ppl who knows some referral from citizens Do they not PMI for FHA loans with less down payment, What is the advantage....Low intrest rate ? Quote
no01 Posted October 16 Report Posted October 16 2 minutes ago, akkum_bakkum said: ideppatnunchi....I do not anyone getting FHA loan. 10 minutes ago, jpismahatma said: Explain anna. I put 20% down. I did not do fha. I was on h1b not everyone do 20% down......5% down tho chaala mandhi konnaru. This is not new, last 10+ yrs nundi H1's were doing this. Single income vallu 5 or 10% thone kontaru and remaining di PMI katti manage chestharu. 1 Quote
neekunuvvetopu Posted October 16 Report Posted October 16 22 minutes ago, Bhagath_Singh said: Do they not PMI for FHA loans with less down payment, What is the advantage....Low intrest rate ? FHA is preferred when one doesn't have good credit score.. there are more disadvantages than advantage. 1.875% added to principal, high PMI and PMI doesn't automatically falls like conventional loans. FHA has 3.5% down payment where as there are conventional loans for 3% down payment as well for first time home buyers. 1 1 Quote
akkum_bakkum Posted October 16 Report Posted October 16 19 minutes ago, no01 said: not everyone do 20% down......5% down tho chaala mandhi konnaru. This is not new, last 10+ yrs nundi H1's were doing this. Single income vallu 5 or 10% thone kontaru and remaining di PMI katti manage chestharu. I put 5% down on my first home decade ago. Daanlo emundi. conventional loans start from 5% down. FHA loans require only 3% down. 1 Quote
paaparao Posted October 16 Report Posted October 16 Wrong assumption enduku all. since last 1 year, a lot changed. now conventional loans requires 20% down payment for even first time home buyers. they get closing cost discounts from builders because of this 20% down payment requirement now. investment homes ki ayithe min 20% down then APR is highest. this is intentional to control Hedge funds, whale investors buying homes. Only FHA ki mathrame 3% down. ipdu andariki still 5% down unte for conventional loan, so many h1 folks will buy in this buyer market. so that's why housing market is down heavily now. Quote
neekunuvvetopu Posted October 16 Report Posted October 16 32 minutes ago, paaparao said: Wrong assumption enduku all. since last 1 year, a lot changed. now conventional loans requires 20% down payment for even first time home buyers. they get closing cost discounts from builders because of this 20% down payment requirement now. investment homes ki ayithe min 20% down then APR is highest. this is intentional to control Hedge funds, whale investors buying homes. Only FHA ki mathrame 3% down. ipdu andariki still 5% down unte for conventional loan, so many h1 folks will buy in this buyer market. so that's why housing market is down heavily now. ledu bro.. friend close last week or before week by paying 10% down and another guy closing first week of November with 5% down payment Quote
akkum_bakkum Posted October 16 Report Posted October 16 34 minutes ago, paaparao said: Wrong assumption enduku all. since last 1 year, a lot changed. now conventional loans requires 20% down payment for even first time home buyers. they get closing cost discounts from builders because of this 20% down payment requirement now. investment homes ki ayithe min 20% down then APR is highest. this is intentional to control Hedge funds, whale investors buying homes. Only FHA ki mathrame 3% down. ipdu andariki still 5% down unte for conventional loan, so many h1 folks will buy in this buyer market. so that's why housing market is down heavily now. Ekkadnunchi testhunnavanna datapoints?......investment properties ne 15% down ki kontunnaru janalu. Quote
ARYA Posted October 16 Report Posted October 16 3 hours ago, Anta Assamey said: Me Rich circle lo kanipincharu meeku... na circle lo nuvvu unnav so correct ee.. Quote
ARYA Posted October 16 Report Posted October 16 3 hours ago, paaparao said: Most desis goes for FHA. they don't really see it but most builders and lenders gives FHA only for owners. lekunte vaachipothadi neeku fees and apr. emo bro, total reverse cheptunatu undi... Quote
jpismahatma Posted October 16 Report Posted October 16 1 hour ago, neekunuvvetopu said: ledu bro.. friend close last week or before week by paying 10% down and another guy closing first week of November with 5% down payment 5% down endhi sami e climate lo. What is home price ? Quote
jpismahatma Posted October 16 Report Posted October 16 26 minutes ago, ARYA said: emo bro, total reverse cheptunatu undi... Looks like he got point. I know some desi people who did less than 20% did not realize it comes under FHA. Quote
megadheera Posted October 16 Report Posted October 16 19 minutes ago, jpismahatma said: 5% down endhi sami e climate lo. What is home price ? Lot of desis got homes with 5% down uncle. Not sure how they got. My be paying PMI Quote
jpismahatma Posted October 16 Report Posted October 16 24 minutes ago, megadheera said: Lot of desis got homes with 5% down uncle. Not sure how they got. My be paying PMI that costs lot of money. in this climate. I see for 500k home it adds $200-$300 more in monthly. Mortgage monthly will jump above 5k. Crazyy. Quote
Joker_007 Posted October 16 Report Posted October 16 FHA eligbility criteria marchi danni Non US vallaki cut chesaka Loans zero avvaka 90% avuthada....idi emi news ra ayya... Quote
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