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All Forum Posts by: Steven May

Steven May has started 37 posts and replied 241 times.

Buying & Selling Real Estate

Post: Amount of money banks want you to have for FHA on 100k home

Steven May
Posted
  • Real Estate Agent
  • Kansas City, MO
  • Posts 257
  • Votes 249
Graduating in May to be a Registered Nurse and looking to buy a home in Springfield, MO. Credit score is in 600s. Looking to buy property in 100k range and air bnb it so pay the mortgage since I’ll be working night shift. Wondering how much the bank would like me to have in net worth/cash to obtain a FHA with 5 or 10% down for higher cash flow initially?
0 Votes