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10% Down and Not FHA!

For a long time in this economy the only way to do a 10% down mortgage was through FHA.
Cheryl Bower  |  November 10, 2010
Property type: Three-bedroom, two bath in Half Moon Bay
 
Appraised value: $585,000
 
Loan amount: $508,000
 
Loan type: 30yr fixed
 
Rate: 5%
 
Back story:
 
For a long time in this economy the only way to do a 10% down mortgage was through FHA. This loan makes the blog because it was the first loan we’ve done in a long while that was approved at 10% down outside of FHA!
 
And, as always, it closed in less than 30 days!

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