Hey all, my fiancé and I are wanting to buy our first home in SC. We both have credit scores right around 730. The house we are looking at is listed at $268990. Our lender is saying if we put 5% down at 30 years he can make it so that we don’t have to pay pmi. However, right now we can’t afford the 5% down. I was looking at 0% down loans through USAA or Navy Federal but I’m not sure if this is a good idea. FHA is also an option but I’ve read mixed things about it. I was hoping y’all could give me some advice and maybe point me in the right direction to get started. Thanks!
Edit: right now I’m still in school until May. Once I graduate I get a 10% pay raise and then another 10% when I get registered in my profession, which would be probably a month after I graduate. My fiancé would be pulling in around 100k a year after all is said and done
Edit 2: 100k annually not monthly. Sorry
Submitted February 01, 2019 at 09:24AM by choke_my_chocobo http://bit.ly/2WyPB0C
