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Chris Rooker & The Harrisonburg Homes Team is proud to be a part of Kline May Realty, 1962 Evelyn Byrd Avenue, Harrisonburg, VA 22801. Licensed in
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Harrisonburg Homes Team answered:
It depends on what kind of loan you are getting. Many first-time home buyers are getting a type of mortgage called an "FHA loan" (because it is guaranteed by the Federal Housing Administration). FHA loans are popular with many buyers because the required down payment is (generally) only 3.5% of the purchase price. So with this home, that amount would be just under $6,000.
I highly recommend that you speak with a lender who can give you counsel and loan products that are specific to your situation and financial goals. Please contact me if you would like some lender recommendations.
I highly recommend that you speak with a lender who can give you counsel and loan products that are specific to your situation and financial goals. Please contact me if you would like some lender recommendations.
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