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Originally Posted by Did you just call me Coltrane?
So, if I have good credit, what % do I need to put down to get a good rate for a home?
FWIW, let's assume 20% is a stretch. Let's also assume that I'm looking above the $417,000* conforming loan rate. Do banks even let people piggyback anymore?
*ridiculous for many parts of Chicago and its burbs. Flyover land gets no love.
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Banks will let you piggyback, but it's much, much tougher to do these days. I've asked around a bit, and most, if not all, of the places want 20% down. One place would agree to 15% down, but was limited in how much they would actually lend. (Part of the problem is that we're interested in upgrading to a McMansion within easy commuting distance.)
