down payment assistance: Untapped Resources For A Down Payment On A Home
- 12/23/21 04:53 AM
As you think about entering the real estate marketplace, especially as a first time homebuyer, you are confronted with saving money for a down payment and closing costs for a home.
There are many programs that require as little as 3% as a down payment. For example, a $400,000 home would require a minimum of a $12,000 down payment.
On top of your down payment you will also need to bring closing costs to the table. Closing costs are the hard costs of securing a mortgage and include, appraisals, title searches, title insurance, etc....
Your closing costs can run anywhere from 2-4% of the … (5 comments)
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As you think about entering the real estate marketplace, especially as a first time homebuyer, you are confronted with saving money for a down payment and closing costs for a home.
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