How Much Do I need to buy a home?
Conventional mortgage -
You usually need at least 5% (for a conventional loan) as down payment
Conforming mortgage is a maximum of $ 252,700
Requires a minimum of 2.3 % down which must be the buyer's own monies
Closing cost can be paid through a "Gift Letter" which is when
a parent or other
No down payment is required but closing cost still apply. All
closing cost can
** It is best for you to meet with a Realtor and discuss your
Good credit rating is extremely important in securing a mortgage at the best rates.
Less than perfect credit can sometimes still qualify but you will end up
paying a higher
**all mortgage loans usually require that you have been in the same
field of employment
**acceptable income is income which is verified by the last 3 years of