FHA Loan plus down payment to match up house price. Possible?

Hello Folks.... I want to buy a house for $850K. This is my first house. The FHA limit is $665,850 for that county. I have $200K in cash i can put down to match up the price. Is that possible? Would I be able to get a FHA Loan in those terms? Would it be easier just to put down $160k and go for a conventional... show more Hello Folks....

I want to buy a house for $850K. This is my first house. The FHA limit is $665,850 for that county. I have $200K in cash i can put down to match up the price. Is that possible? Would I be able to get a FHA Loan in those terms?

Would it be easier just to put down $160k and go for a conventional Loan? (20% down payment). My credit score is over 750.

What would you recommend I should do?


Thank you.
5 answers 5