Viewing a single comment thread. View all comments

intergalaticoatmeal t1_iy9yahs wrote

Reply to comment by ProspectiveHomeBuye in Buying a house next year, what’s a reasonable budget for mortgage payment? by ProspectiveHomeBuye

FHA is many of the things you mentioned, it’s also excellent for first time homebuyers.

There are also limits on the homes. For example, in our area the limit is $479,000.

With our lender PMI was 11 years or 11% of the home was paid off. whichever comes first.

You can also check with any mortgage broker. They will shop around and find you some of the best loans out there.

1