I applied for an FHA loan, but somehow the paperwork was switched to a conventional, whose at fault?
I feel there is something shady going on. From what i was told people rarely get 100% financing on conventional loans.
Tags: applied, conventional, fault, Loan, paperwork, somehow, switched, whose
2011/07/16 at 21:12:37
FHA requires a 3.5 pct down pymt if your scores are good enough they could do better going conventional Who is responsible That would be the loan officer or his boss. FHA not only require’s 3.5% dn. they also require upfront PMI I wanna say it is 1.75% in addition to the Down pymt so id say their looking out for you.