Trying to buy a house in Massachusetts.
Lender got back to me with:
FHA 3.5% down due to lack of downpayment.
NHF Platinum Grant at 5%.
$ 250,000 loan
Trans Union score 802
I make decent money so making the payments is no issue (currently rent a condo) but was in shock after seeing that the NHF Grant raises the rate by .5.
Anyone else do FHA with NHF grant?
Not many lenders I have contacted deal with the NHF Grant.
What do you think? 4.375% good? for this type of loan?
With FHA you get 5% from the NHF for down payment/closing costs.