NOO SFH Lending With 5% Down
i'm planning on buying a few sfh's in texas.
the price is about 120k and i want to put down about 5%. fico is 700.
whats the apr going to be like for a 2/1, 5/1 or fixed ARM.
thanks
nirav.
If full doc, around 6% on the first and 11-12% on the 2nd (80/20). Could get lower on the first with a 70/25 structure or loosing the interest only feature.