[Moe Bedard]

For FHA Secure you need to have at least 3% equity in a property.

Maximum Loan to Value Ratios for the FHA Secure



States With Closing Costs at or Below 2.1% of the Sales Pirce
98.75% for properties with appraised values equal or less than $50,000
97.65% for properties appraised in excess of $50,000 and not greater than $125,000
97.15% for properties appraised in excess of $125,000

State With Closing Costs Above 2.1% of Sales Price
98.75% for properties with appraised value equals or less than $50,000
97.75% for properties apprased in excess of $50,000
Hope that helps!