Subject*Buying a House

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good evening how much will be the monthly payment for a $360000 house today with a hoa of $110 for FHA fixed 30yrs here in virginia?

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Answer #1

Thank you for your inquiry; I’d welcome the opportunity to talk with you directly in order to price-out the loan. FHA rates can vary based on a number of different variables. For instance, the shorter the time-frame for the lock, the better the rate, generally speaking. Additionally, you may want to compare FHA rates with those offered for coventuional loans. We at BB&T have a number of conventional loans that compare quite well with FHA in terms of rates, payments and cash-required.

Feel free to call me on my mobile if you would like to discuss.

Stu Hall
301.526.8612
SAHall@bbandt.com
nmls 137009

Answered By: Stuart Hall Level Rating

10points

Answer #2

Thanks for stopping by our website.
Based on what you told me here is what I can tell you.
360k purchase price. Minimum downpayment FHA is 3.5%
Base loan is $347,400 Plus FHA required MI the monthly payment is $1808.42
Plus your HOA fee of $110 takes you to $1918.42 a month. You must add your taxes and insurance into that payment on a monthly basis. Each home is different I need an address to give you that number. This is assuming you put down only 3.5% and your credit is over 660.
Stu is right if a conventional loan is possible the monthly payment will be lower as opposed to FHA. Contact us and we can see what makes sense and give you some options. Hope this helps.

Thanks,

Brent Mendelson
Senior Loan Officer
Monarch Mortgage
600 Jefferson Plaza, Suite 400
Rockville, MD 20852
240-403-1970 Direct
301-412-0259 Cell
http://www.monarchmtg.com/bmendelson
nmlsr#111407

Answered By: Brent-Mendelson Level Rating

67points

Answer #3

On behalf of my colleagues above, we are grateful for the opportunity to be of assistance. You certainly appear to be getting a bunch of very good information. However, I might also add that if you are in fact able to qualify from a Conventional loan standpoint versus FHA there might also be an opportunity for you to continue forward with the same minimal down payment of 3.000% – 3.500% but with “No Private Mortgage Insurance”. There are certainly a number of qualification restrictions that would apply. Nonetheless, it is our job to make sure you are well informed. If you are ready to take the next step forward I would certainly love to help!

Happy Holiday’s,
Michael C. Parsons, CMPS
Chairman
Apex Home Loans, Inc.
240-268-3053 Office Direct
301-440-3864 Cell

Answered By: Michael Parsons Level Rating

14points

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Monarch | 240-403-1970

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Subject*Buying a House

good evening how much will be the monthly payment for a $360000 house today with a hoa of $110 for FHA fixed 30yrs here in virginia?

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