Lee's Sandwiches, Asian Sandwich, BÃÂ¡nh mÃÂ¬, Sliced jambon, headcheese & pate on a baguette. Lee's Sandwiches, Asian Sandwich, BÃÂ¡nh mÃÂ¬, Sliced jambon, headcheese & pate on a baguette. Browse Recipes
Generally, an FHA appraisal CAN be used on a conventional loan but a conventional appraisal CANNOT be used on an FHA loan. An FHA appraisal can be used as long as it can be proven that it complies with HVCC. (Home Valuation Code of Conduct) Most appraisals now done by Appraisal Management Companies (AMCs) include this compliance certification.
Best Answer: It really depends on what loan program you're on. My wife and I are first time home buyers, and we went through a 30 Year FHA program last Month. We only had 3% down, and we had our seller pay the closing costs. I believe conventional loans has to be 5%. Just remember, anything under 20%, you have to pay PMI until one of the following happen: