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Updated about 7 years ago on . Most recent reply

Michael Peralta's profile image
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Michael Peralta
  • from New York City, New York
  • Member since May 1, 2017
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Michael Peralta's profile image
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Michael Peralta
  • from New York City, New York
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Michael Peralta
  • New York City, NY
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Foreclosures

Foreclosures - Is it possible to NOT put down 20%?

Michael Peralta
  • New York City, NY
Posted

Hi BP,

I've come across a great deal but the property seems to be a foreclosure. Is there any possible way to obtain the property with FHA loan?

Thank you in advance,

MP

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Christopher Phillips
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  • from Garden City, New York
  • Member since Nov 14, 2016
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Christopher Phillips
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  • from Garden City, New York
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Christopher Phillips
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  • Garden City, NY
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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
Replied

@Michael Peralta

Depends on the condition of the property and if you plan to occupy it.

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