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Old 03-16-2011, 04:44 PM
 
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i'm wondering what to exspect to put down on a home in a distressed town is it the same as one thats not distressed i have good credit. i was told how much i can borrow for a mortage i'm also wondering if i can get approved for more if i don't go into a condo seeing how the bank calkulated the condo fee in with my bills
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Old 03-17-2011, 05:21 AM
 
Location: Plano, Texas
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You will have to do a minimum of 3.5% down regardless of where you are buying if using a FHA loan. If you are a Veteran you can do 100% no matter where you are buying. Conventional financing will require 5% down.
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