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Updated over 6 years ago on . Most recent reply

Steven May's profile image
Steven May's profile image
Steven May
  • Real Estate Agent
  • from Kansas City, MO
  • Member since Oct 31, 2018
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User Stats

259
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250
Votes
Steven May's profile image
Steven May's profile image
Steven May
  • Real Estate Agent
  • from Kansas City, MO
  • Member since Oct 31, 2018
Connect
Steven May
  • Real Estate Agent
  • Kansas City, MO
250
Votes |
259
Posts
Buying & Selling Real Estate

Amount of money banks want you to have for FHA on 100k home

Steven May
  • Real Estate Agent
  • Kansas City, MO
Posted
Graduating in May to be a Registered Nurse and looking to buy a home in Springfield, MO. Credit score is in 600s. Looking to buy property in 100k range and air bnb it so pay the mortgage since I’ll be working night shift. Wondering how much the bank would like me to have in net worth/cash to obtain a FHA with 5 or 10% down for higher cash flow initially?
  • Steven May
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