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Updated over 3 years ago on . Most recent reply

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Jana Heetland
0
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4
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The FHA Low Down = Higher Payment?

Jana Heetland
Posted

So I get that the FHA loan allows for a lower down payment but if you don't have a lot to put down, how can you afford the higher monthly payment?

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308
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386
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Derrick Dill
  • Investor
  • Hawaiian Gardens, CA
386
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308
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Derrick Dill
  • Investor
  • Hawaiian Gardens, CA
Replied

Lender calculates your debt-to-income. Some millionaires living paycheck to paycheck. Some minimum wage workers got 200k in the bank.

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