


Those are very good ratios. How large of a down payment are you planning to make?Maths suck so bad. I think I'm currently at about 21% for the first one and the other one...? Total rough guesstimate, but it looks like maybe 30%? So a little wiggle room, I suppose.
Man. I think I'd rather just continue with the status quo and not give myself any more additional work.![]()
Fannie/Freddie will go as low as 3% for first time homebuyer, but you’ll pay mortgage insurance if you put down less than 20%. FHA allows 3.5% down (can be a gift) but you pay a monthly mortgage insurance premium regardless of how much you put down. With your ratios and decent credit, you should steer toward Fannie/Freddie because it’ll be cheaper.