Quote:
Originally Posted by Deaf Mortgage
I believe 580 FICO requirement, 2nd community mortgage to assist you for LTV to be 100%. IE... 1st mortage will be 95%, 2nd Mortgage is 5%. But 2nd mortgage is from community mortgage to help people with down payment.
If you have more questions regard of this program, you can PM me directly. I am open for discussion and education purpose of this topic.
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I will, thanks!!! It's good to hear about the FICO. No worries! The market is still tanking, with so much inventory out there. I could be wrong, but it does not appear to pick up until mid 2009 or so. That's when we're looking at a move.
It's decently easier to rent for now. No PMI, no Florida insurance and property taxes for now. May look at agricultural areas to save on property taxes.......since we do want to add horses in the future.
Wouldn't it be hard to carry two mortgages? Pay one, pay other?