LogFAQs > #930593815

I would stay away from FHA programs personally. The fact that mortgage insurance doesn't drop off during the life of the loan bothers me.

I would suggest looking into getting a conventional loan which usually requires 3.5% down at the minimum and then the insurance requirement drops off at 20% equity.

Also, don't make the mistake of wanting too much out of your first home. It's generally a good idea to stay away from condos/townhomes in that they don't appreciate as well but keep in mind you won't get everything you want. It feels sicking to pay hundreds of thousands of dollars for something that isn't perfect, but unfortunately that's part of the game. It's important to get a place that you can live with that checks off the important boxes. But otherwise you'll always have the opportunity to get closer to what you want when you've built up some equity.
---

I promise that if the game stinks I will make a topic about how I hate it and you can all laugh at me - Mead on Fallout 76