- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: FHA loan and Rural Development
Posted on 6/20/13 at 12:42 pm to Cincinnati Bowtie
Posted on 6/20/13 at 12:42 pm to Cincinnati Bowtie
min credit score for for VA is 580 but you cant find a bank or lender to touch under 640..
Posted on 6/20/13 at 2:22 pm to tdavi48
How long are you planning on staying in this house?
I just bought a house in BR so I couldn't qualify for RD. I had to choose between FHA and Conventional. I figured I was going to live in this house for 5 years and ran the numbers. FHA would have been a 6500 down payment with a 1225 monthly note. Conventional is a 9400 down payment with a 1050 monthly note. After running the numbers I decided to go ahead and put down more so I can save in the long run and have a lower monthly note.
TLDR: Estimate the time you will be living in the new house and run the numbers from there comparing down payments and monthly notes
I just bought a house in BR so I couldn't qualify for RD. I had to choose between FHA and Conventional. I figured I was going to live in this house for 5 years and ran the numbers. FHA would have been a 6500 down payment with a 1225 monthly note. Conventional is a 9400 down payment with a 1050 monthly note. After running the numbers I decided to go ahead and put down more so I can save in the long run and have a lower monthly note.
TLDR: Estimate the time you will be living in the new house and run the numbers from there comparing down payments and monthly notes
Popular
Back to top
Follow TigerDroppings for LSU Football News