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Old Jun 24, 2009 | 09:28 AM
  #16  
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shirley
CBOTY 2010
 
Joined: Nov 2004
Posts: 34,786
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From: MI
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Originally Posted by LABARINTH
Really? Never heard of anyone having a problem. I have worked with multiple lenders and 20% was always the mark to hit to avoid pmi and escrow.
most of the stuff i've seen references the fact that the people who usually take the FHA route dont have enough to hit 20% / the credit is bad enough that even with 20% or more they are a high enough risk that the escrow is required

not sayin its fact though
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