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Ben Skowronek
  • Vendor
  • Minneapolis, MN
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FHA down payment requirements for lease option

Ben Skowronek
  • Vendor
  • Minneapolis, MN
Posted Sep 7 2015, 14:26

I've heard FHA loans typically require a 3-1/2% down payment. I'm currently in a lease option agreement with my landlord. When I secure an FHA loan, will I need to bring 3-1/2% to the table? Or will the $41,000 paid toward the principle be considered my down payment?

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