or provide a down payment of, 3.5 percent of the completed value. The maximum single family FHA loan in Orange or LA County is $729,750. The Fannie Mae Homestyle loan requires at least a 5 percent.
The homestyle renovation loan requires a minimum 3 percent down payment from a first-time home buyer. Homeowners need 5. Homeowners need 5. Payments A mortgage payment includes more than principal, what you are repaying on your balance, and interest.
Conventional Mortgage Limit Fannie Mae Home For Sale Is a HomePath Property Right for You? | Know Your Options – According to Jane Severn, a marketing director in the Real estate asset management group, Fannie Mae prefers to sell HomePath properties to buyers who will live in the home, as opposed to investors who plan to rent or sell the home.