@LPinFinance In California it may not make sense. However in OH and other Midwest states you can get a property for 2400 all in with down payment, closing costs, escrow set up etc paid for by down payment assistance. It’s all really situational.
Listing agents, please help educate your sellers on FHA loans. This market is turning and we’re seeing agents asking only for Conventional. Stop FHA discrimination.
VA announced a reduction in the VA funding fee. Currently the funding fee is at 2.3% for first time buyers and it’s reducing to 2.15%! Subsequent use is at 3.6% and is reducing to 3.3%.