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sonyma

Started by xanthaned
about 13 years ago
Posts: 13
Member since: Mar 2010
Discussion about
Hello all, I was thinking about applying for FHA loan, but the housing counselor advised me that it would better if I applied for SONYMA instead (to avoid paying the upfront FHA fee). If anyone has experiences with SONYMA to share that would be great. Is there any cons that I should know about?
Response by EShatz
about 13 years ago
Posts: 32
Member since: Jun 2008

I was looking at getting a SONYMA loan, but ended up getting a better rate on a conventional loan. Make sure you look at all loan options.

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Response by xanthaned
about 13 years ago
Posts: 13
Member since: Mar 2010

I don't have enough down payment, that's why I am looking at FHA and SONYMA.

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Response by caonima
about 13 years ago
Posts: 815
Member since: Apr 2010

then save some money and buy when you have 20%

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Response by xanthaned
about 13 years ago
Posts: 13
Member since: Mar 2010

@caonima - if you don't have anything constructive to contribute please refrain from commenting.

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Response by caonima
about 13 years ago
Posts: 815
Member since: Apr 2010

the most contructive comment is to save some money and buy when you have 20% , be responsible to yourself and the people and the nation

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