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How Common Are FHA Loans these days?


               
2016 Jun 10, 6:42am   1,675 views  8 comments

by BayArea   follow (1)  

Hi guys, how common are FHA loans these days in the Bay Area?

Yes, you'll have the 0.85% of the loan to pay in PMI annually, but with the level of buying competition today in the Bay, can anyone realistically expect to buy a house in 2016 with 3.5-5% down??

I have been hearing from friends and colleagues that these are slowly starting to become common again after they vaporized shortly after the subprime crisis a few years ago.

What's the status now?

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5   BayArea   @   2016 Jul 29, 3:20pm  

BayArea says

Any sub 20% down payment programs out there for loans that extend beyond $417K?

Guess nobody knows.

6   Tenpoundbass   @   2016 Jul 29, 3:57pm  

joshuatrio says

Friend of mine just bought a nice place for $275k. 0 down. VA loan I believe though

My friend bought two years ago on a VA.

7   Strategist   @   2016 Jul 29, 3:59pm  

BayArea says

BayArea says

Any sub 20% down payment programs out there for loans that extend beyond $417K?

Guess nobody knows.

Logan might know.

8   BayArea   @   2016 Jul 29, 4:14pm  

Strategist says

Logan might know

Good call... @Logan Mohtashami

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