All Forum Posts by: Bill Butler
Bill Butler has started 1 posts and replied 3 times.
Post: First Time HomeBuyer Jumbo Loan
- Denver, CO
- Posts 3
- Votes 0
What is the downpayment for a conventional jumbo loan?
Post: First Time HomeBuyer Jumbo Loan
- Denver, CO
- Posts 3
- Votes 0
Thanks. So I certainly want to utilize a FHA loan if I can. In some markets the FHA limit is much higher. Why is it lower in Denver and could the limit change in 2016?
Post: First Time HomeBuyer Jumbo Loan
- Denver, CO
- Posts 3
- Votes 0
Hello,
I have come across a really interesting opportunity to buy a home for around $525-550k in Denver CO. I know very little about buying homes so I need some help!
I have great credit and solid income and I'm hoping to take advantage of a First Time Homebuyer Program to keep my downpayment low as I only have $25k for a downpayment and I would need to go to family/friends for additional downpayment.
What is the downpayment I should expect to have to pay? Is there a way to get this loan qualified under the FHA program where I would only have to put down 3.5%?
Do you have any other creative ideas for how I can finance this?
Thanks!