Financial Planning Stuff You Need to Know » down payment http://longfinancialplanning.com/blog Practical Advice About Money without all the Hype Mon, 19 Dec 2011 16:23:19 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 95% Financing is Back http://longfinancialplanning.com/blog/2010/03/18/95-financing-is-back/ http://longfinancialplanning.com/blog/2010/03/18/95-financing-is-back/#comments Thu, 18 Mar 2010 21:26:47 +0000 Chris Long http://longfinancialplanning.com/blog/2010/03/18/95-financing-is-back/ According to my good friend and mortgage broker John Noyes, it is once again possible to get conventional financing with a 5% down payment.  Below are John’s comments:

“It appears that at least some parts of the lending environment are getting a bit better.  We are now able to do 95% Financing on conventional loans.  . . . The financing is available for owner occupied single family homes, condominiums, and townhomes.  It requires a 680 credit score and a maximum 41% Debt to Income ratio.”

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