What is the norm to put down in a house?
- Thread starter Buckeye Fever
- Start date
This is horrible advice.
So nobody should own a home until they can put down 20% of the homes price
So you should just keep renting?
chopchop702
Pro
Does anyone in this thread even own a house?
fukk yall for tryin to give advice when u havent even walked that path
Listen...If you find a house for sale that is owned by Fannie Mae, you can do a HOMEPATH loan which requires only 3% down and has NO PMI FEE.
Or you can find a house and do a FHA loan which requires 3.5% down. But yes you will be forced to pay a monthly PMI fee.
Anyhow the ONLY time you want to put 20% down on a house is if its your second or third home, because then you have to do a traditional mortgage.
Or if you have that 40k++$$$$ that u can afford to blow like that and do a traditional mortgage and put 20% down for your very first house like that. Which i dont think is normal at all.
Anyhow Housing is recovering and rebouding like groundball right now.
Tha fukk is wrong wit everyone are u tellin op to put all that money down to own a home when he only needs to do 3 or 3.5%
fukk yall for tryin to give advice when u havent even walked that path
Listen...If you find a house for sale that is owned by Fannie Mae, you can do a HOMEPATH loan which requires only 3% down and has NO PMI FEE.
Or you can find a house and do a FHA loan which requires 3.5% down. But yes you will be forced to pay a monthly PMI fee.
Anyhow the ONLY time you want to put 20% down on a house is if its your second or third home, because then you have to do a traditional mortgage.
Or if you have that 40k++$$$$ that u can afford to blow like that and do a traditional mortgage and put 20% down for your very first house like that. Which i dont think is normal at all.
Anyhow Housing is recovering and rebouding like groundball right now.
Tha fukk is wrong wit everyone are u tellin op to put all that money down to own a home when he only needs to do 3 or 3.5%
for the input, brehsDoes anyone in this thread even own a house?
fukk yall for tryin to give advice when u havent even walked that path
Listen...If you find a house for sale that is owned by Fannie Mae, you can do a HOMEPATH loan which requires only 3% down and has NO PMI FEE.
Or you can find a house and do a FHA loan which requires 3.5% down. But yes you will be forced to pay a monthly PMI fee.
Anyhow the ONLY time you want to put 20% down on a house is if its your second or third home, because then you have to do a traditional mortgage.
Or if you have that 40k++$$$$ that u can afford to blow like that and do a traditional mortgage and put 20% down for your very first house like that. Which i dont think is normal at all.
Anyhow Housing is recovering and rebouding like groundball right now.
Tha fukk is wrong wit everyone are u tellin op to put all that money down to own a home when he only needs to do 3 or 3.5%
i dont own one but they already told me whats up when i went thru the transition i dont have to put anything down
my brother just bought one with no money down so did my parents a so people saying u got too is not accurate
whether its cuz im a veteran is the reason y i cant say but all i know is when i decide to buy one imma post a pic of it and be like
