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Updated almost 3 years ago,

Jonah Stephens's profile image
Jonah Stephens's profile image
Jonah Stephens
  • New to Real Estate
  • from Boston, MA
  • Member since Feb 18, 2022
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User Stats

4
Posts
2
Votes
Jonah Stephens's profile image
Jonah Stephens's profile image
Jonah Stephens
  • New to Real Estate
  • from Boston, MA
  • Member since Feb 18, 2022
Connect
Jonah Stephens
  • New to Real Estate
  • Boston, MA
2
Votes |
4
Posts
Private Lending & Conventional Mortgage Advice

I am 19 years old - Am I eligible for conventional lending?

Jonah Stephens
  • New to Real Estate
  • Boston, MA
Posted

I am currently 19 and live just outside of Boston. I currently go to college and only have about 10k saved up. With some aid from a hard money lender for a down payment, what are my chances for qualifying for a 203K loan or an FHA loan? Is it possible to increase the down payment from 3.5% to 10% or 20% to increase my odds?

Boston, Massachusetts
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