Boston Metro North Real Estate

In today's tumultuous banking and real estate environment, lenders are looking at your credit score more than they have in the past.  Real Estate prices have dropped significantly, interest rates are low and sellers are tending to give a lot of concessions to buyers.  This could be a great time to buy for a first time home buyer or ...

In my experience... no.  If you have very little money to put down the FHA is doing loans for 3.5% down.   Rates on an FHA loan ranged from 6 to 6.5% with good credit scores. Advantages of an FHA Loan.Lower down payment- 3.5%Loan is assumableHigher qualifying ratios of 29% for housing and 41% for total debtUp-front Mortgage ...