10% down on a $550K home, must I have an FHA loan?

I got pre-approved for a fixed rate 30 yr loan from coldwell banker mortgage services. They says that for a $550000 home with 10% down, I need to get an FHA loan, but with 15% down I do not need an FHA loan. The sellers but don’t like buyers who are using FHA loans. My question is that is it possible to get a non-FHA loan with 10% down? I am fine with both fixed rate and adjustable rate mortgages. I have a 770+ FICO credit score. Thanks!

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One Response to “10% down on a $550K home, must I have an FHA loan?”

  1. R. Guetive says:

    Stay away from Coldwell mortgage services. THEY DO NOT GIVE YOU THE BEST RATES

    Shop around for better rates.. Wells Fargo.. your local bank. You have a excellent FICO score. I bought a house similarly priced with 9% down and was not forced to go FHA

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