FHA loan thesukunara?

[cameraman]

One builder is giving good ~4% FHA loan as a promo rate, he is not giving any promo on conventional.  Will this FHA endup costing more in long run?

calling experts of this DB

@Android_Halwa

@csrcsr

@perugu_vada

@Sonu_Patel

[KonidelaBallayya]

2 hours ago, cameraman said:

One builder is giving good ~4% FHA loan as a promo rate, he is not giving any promo on conventional.  Will this FHA endup costing more in long run?

calling experts of this DB

@Android_Halwa

@csrcsr

@perugu_vada

@Sonu_Patel

don't call @csrcsr uncle and @csrcsr don't have house and using tents at SFO streets and statying near to KFC or mcdonalds.

 

 

 

[csrcsr]

2 hours ago, cameraman said:

One builder is giving good ~4% FHA loan as a promo rate, he is not giving any promo on conventional.  Will this FHA endup costing more in long run?

calling experts of this DB

@Android_Halwa

@csrcsr

@perugu_vada

@Sonu_Patel

What waste anna initial MIP , tarvatha miru 20% reach aina kuda lenders tiyrau I suggest go for conventional,  if the math is too good go for it afaiak better conventional 

[KonidelaBallayya]

Just now, csrcsr said:

What waste anna initial MIP , tarvatha miru 20% reach aina kuda lenders tiyrau I suggest go for conventional,  if the math is too good go for it afaiak better conventional 

initial MIP conventional endi @csrcsr uncles drugs mida unnava , nee status marchipoyavaa

 

 

[csrcsr]

3 hours ago, cameraman said:

One builder is giving good ~4% FHA loan as a promo rate, he is not giving any promo on conventional.  Will this FHA endup costing more in long run?

calling experts of this DB

@Android_Halwa

@csrcsr

@perugu_vada

@Sonu_Patel

Annai therr is upfront mip oka sari chusukondi if my post was not clear around 1% if I am correct

[cameraman]

27 minutes ago, csrcsr said:

Annai therr is upfront mip oka sari chusukondi if my post was not clear around 1% if I am correct

 

47 minutes ago, csrcsr said:

What waste anna initial MIP , tarvatha miru 20% reach aina kuda lenders tiyrau I suggest go for conventional,  if the math is too good go for it afaiak better conventional 

Yes, mip undi for all loan term... builder reasoning enti ante conventional  kanna thakuva FHA offer ani

FHA lo he is also giving 2-1 buydown..  year 1: 2.75, 2: 3.75, 3-30: 4.75%

builder saying 2-1 buydown tho mip  balance out ayintadhi ani

 

[csrcsr]

2 minutes ago, cameraman said:

 

Yes, mip undi for all loan term... builder reasoning enti ante conventional  kanna thakuva FHA offer ani

FHA lo he is also giving 2-1 buydown..  year 1: 2.75, 2: 3.75, 3-30: 4.75%

builder saying 2-1 buydown tho mip  balance out ayintadhi ani

 

But whatever upfront mip you pay is gone when u refi,  but 2.75 is talso empting do your math if it works go for it , the problem with fha I don't like even if you reach 20% they don't automatically remove the monthly mi else would have been prrfect

[bulreddy]

11 hours ago, csrcsr said:

What waste anna initial MIP , tarvatha miru 20% reach aina kuda lenders tiyrau I suggest go for conventional,  if the math is too good go for it afaiak better conventional 

appudu refinance chesukolema? oka 20% reach ayyaka ?

[Aquaman]

1 hour ago, bulreddy said:

appudu refinance chesukolema? oka 20% reach ayyaka ?

chesukovachu , conventional ki pmi oka point lo drop avuthadhi

but FHA ki 30 years katali , middle  lo refinance chesthe a money motham pothadhi ani csr telling

Also, there might be hidden fee with FHA which will lost when you refinance.