Banks asking 20% downpayment

[Kootami]

33 minutes ago, godfather03 said:

Texas?

mid west

[Kootami]

47 minutes ago, Epic said:

Refinance/15 year?

mortgage insurance entha?

3o years ,, pmi 100

[Jumper]

3.5% - dont go with bofa, worst gallu

[krrish4u]

54 minutes ago, Allarinaresh10 said:

 

Idi kotta rule aaa bro ?? Nenu 1 month nunchi homes chustunnna... and na realtor/ lender emi cheppaledu 

usually builders have their own finance or affiliated mortgage companies & from them you can get loan even with 5% and in some case you can get lender credits only if you go with their recommended mortgage companies........that rule is real....when i tried to refinance last year i was told that came into picture due to covid and started from april 2020 as they do not want to risk....already due to many businesses impacted due toll covid banks are affected

[krrish4u]

57 minutes ago, godfather03 said:

I bought my home in Feb 2020 with 3% down from Wells Fargo. 

i meant april 2020. sry for typo 

[Epic]

28 minutes ago, Kootami said:

3o years ,, pmi 100

This is a good deal.

In Aug - i got 2.5 with 1000 credit from Loan Depot.

10% down - 75 PMI

[duryaodhana]

Go with affiliated Lender company.. most of the big name builders have their own lenders.  They will give loan even with 5% and also you will get around 1% or 5-10K if you go with them. That will help you in closing costs. 

very few people go with 20% down payment.