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Old 03-03-2009, 03:42 PM
53 posts, read 294,503 times
Reputation: 26


Has anyone been able to secure a 5% down payment mortgage for a house in Northern New Jersey anytime recently? A house I am looking at is not eligible for an FHA loan because it's new construction, yet 10% down payment would be a big stretch for me.
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Old 03-04-2009, 12:10 PM
Location: Mount Laurel
4,186 posts, read 10,333,666 times
Reputation: 3499
Without getting into a debate on whether you should buy a home or not. You shoull really reconsider and run different scenerio on purchasing a home if 10% down is a stretch for you. With the state of the world econmic issue, make sure you have plenty of reserve funds.
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