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[quote=Anonymous]any chance you are eligible for a VA Loan?  It allows for very flexible down payments (we had the option of zero down, although in the end we did 10%).

You don't have PMI, but I believe there is something called a "funding fee" (I think that was the term?) that is their version of PMI.  It's sort of an upfront PMI - You can roll it into the total loan, though.

The only word of warning I have for you is that we didn't realize how strict banks were being with Home Equity Lines these days.  We bought a bigger house that we knew needed updates and did some of them upfront with the extra money from the sale of our previous property.  That money ran out, and a year in, we had to do a roof, gutter and attic repair.  No one would give us a home equity line even with great credit.  We could have drained savings for it, but preferred not to, so we used 0% offers on our credit cards for most of it and waited it out for our home value to increase some more and to pay down a little more of the mortgage amount.  We wound up finding a credit union willing to work with us (Fairfax CU) and will be closing on that any day now.[/quote]

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