Quote:Thanks for the quick reply.

 

I got more clarification from my Loan Officer today, she told me the FHA was 3.5% down and the conventional is 3% down. Which doesn't make sense because youy're telling me Conventional is 5% minimum down.

 

She is going to refer me to another Loan Officer that can do the bond program, just so i have that option.

 

To tell you the truth, i haven't been too impressed with my Real Estate Agent. She is not very detail oriented and i have caught her contradicting herself on a few occations, which just makes things more complicated and confusing. I'm pretty sure she is a fairly new agent. I'm going to have to sit down with her and my Loan Officer and get to the bottom of a few things.

I'm a new agent myself but am lucky enough to have a couple of my sales go through.  What I'm finding is you have to stay on top of the loan officers and its better to find a couple you are familiar with or the whole process becomes a nightmare.  The hardest part is getting the best possible loan and getting that loan finalized on time.  When you do some of these programs you often need extra time to get all the kinks worked out.

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