Buy a Home With Only 3.5% Down!
And enjoy a 30 yr fixed low interest mortgage!
When you buy a house, you need to the money for the down payment, PLUS the money for
the closing costs.
You can buy a home with as little as 3.5% down payment and get an 30 yr fixed FHA loan.
The down payment money can be gifted to you by a relative, friend or employer. But you
also need the money for the closing costs. On a FHA loan, the closing costs, escrows,
government and recording fees, etc add up to be also about 6% of the purchase price.
This means that the total amount of money you need to buy a house with FHA is 9.5% of
the purchase price. So for a $250,000.00 purchase, you need $23,750.00 total cash to
close, and this will cover your down payment, your closing costs, and everything else
(including insurance).
However, when you use me to purchase your new home, more often than not I am able to
negotiate for the seller to pay some or all of the closing costs.
Based on my experience, one in four sellers will be willing to pay ALL your closing costs
(6% of the purchase price). Two out of four sellers will be willing to pay at least $5,000.00,
and sometimes half of the closing costs (3%). One in four sellers will not pay any closing
costs.
The big challenge lies in the fact that the property has to appraise at the purchase price,
otherwise there is no deal. The property has to be worth what you are paying for it so
essentially, the seller would be literally gifting you the money for the closing costs.
As you can imagine, finding someone that is willing to pay all your closing costs, on top of
the property being worth the purchase price is no easy task. However, it is possible and if it
is the only way you will be able to purchase a home, we do what we have to do to get it
done.
So go ahead, pick up the phone and dial 954-765-6567. We are open Mo - Fr from 9:00
am until 7:00 pm, Saturday from 10:00 am until 5:00 pm and closed on Sunday. However,
we show houses 7 days a week!
And enjoy a 30 yr fixed low interest mortgage!
When you buy a house, you need to the money for the down payment, PLUS the money for
the closing costs.
You can buy a home with as little as 3.5% down payment and get an 30 yr fixed FHA loan.
The down payment money can be gifted to you by a relative, friend or employer. But you
also need the money for the closing costs. On a FHA loan, the closing costs, escrows,
government and recording fees, etc add up to be also about 6% of the purchase price.
This means that the total amount of money you need to buy a house with FHA is 9.5% of
the purchase price. So for a $250,000.00 purchase, you need $23,750.00 total cash to
close, and this will cover your down payment, your closing costs, and everything else
(including insurance).
However, when you use me to purchase your new home, more often than not I am able to
negotiate for the seller to pay some or all of the closing costs.
Based on my experience, one in four sellers will be willing to pay ALL your closing costs
(6% of the purchase price). Two out of four sellers will be willing to pay at least $5,000.00,
and sometimes half of the closing costs (3%). One in four sellers will not pay any closing
costs.
The big challenge lies in the fact that the property has to appraise at the purchase price,
otherwise there is no deal. The property has to be worth what you are paying for it so
essentially, the seller would be literally gifting you the money for the closing costs.
As you can imagine, finding someone that is willing to pay all your closing costs, on top of
the property being worth the purchase price is no easy task. However, it is possible and if it
is the only way you will be able to purchase a home, we do what we have to do to get it
done.
So go ahead, pick up the phone and dial 954-765-6567. We are open Mo - Fr from 9:00
am until 7:00 pm, Saturday from 10:00 am until 5:00 pm and closed on Sunday. However,
we show houses 7 days a week!
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |  |  |  |  |  |
