Is it worth putting down 20% for an FHA loan? Hi all, my husband is a physician. We found our dream home in the Bay Area for 1 million. Because of student loan debt during med school his credit score wasn’t ideal so for a conventional loan we’re getting a real high interest rate of around 8.1. Ideally we would have gone for this but because of credit have to go for the FHA. For an FHA loan …

Should I liquidate all my investments to buy a house with 20% down or keep my investments and go for an FHA loan? Hi all, I’m in a bit of a financial dilemma and would love some advice. I have around $70k invested outside of my 401(k) across stocks, bonds, and other assets. I’m thinking about using these funds for a 20% down payment on a house to avoid PMI (Private Mortgage Insurance) and keep my mortgage payments lower. However, I’m also considering leavin…

Being told fha is not assumable by lender called Servbank to check on the possibility of a loan assumption for my fha Mortgage Loan. They said that since they took over the previous company that they no longer do loan assumptions. I believe that, according to federal law, All fha Loans are completely assumable. I believe this should be a service required by federal law for any bank. Wha…

How to lessen the escrow for my mortgage? (FHA) Total monthly mortgage payment: Payment $1,996.06, Principal $568.91 Interest $681.21 Escrow $745.94 left: $284,900.02 Escrow Balance: $792.92 Interest Rate: 2.875% Maturing: 12/2050 Escrow Balance: $792.92 Escrow tax quarterly: $1,256.66 $186.85 to HUD RISK BASE PREMIUMS $1,634.00 to AMICA MUT INS Edit: I wouldn’t have gotten an FHA if I wasn’…