Andres Gonza…, Home Buyer in Albuquerque, NM

How much is the down payment for the house on 1481 Mission Hills Ln Dallas, TX 75217?

Asked by Andres Gonzales, Albuquerque, NM Wed Feb 5, 2014

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5
It depends on the loan, I would suggest that you talk to a lender.

Let me know if you need a name or two lenders who can help you.

Susie Kay, RealtorĀ®
GRI, CHMS, SFR
Residential/Commercial/Investment
English-Indonesian-Hokkien
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United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net
http://www.dfwdreamhomes.net

Servicing your real estate need is my priority!
0 votes Thank Flag Link Fri Feb 7, 2014
Hi Andres, The down payment on the home will depend on the type of loan you get. I have two really good lenders that I can connect you with that can gather info from you and pre approve you over the phone . Give mr your contact info . 972-979-2205. Chudson111@aol.com.
0 votes Thank Flag Link Wed Feb 5, 2014
The house doesn't effect the down payment, the loan does. You'll need a minimum of 3.5% for an FHA loan or 5% for conventional. Best place to start is to hire an Exclusive Buyer Agent. EBAs only work with homebuyers and there is never a conflict of interest that will jeopardize your negotiating position.

I am the owner/broker of one of Dallas' oldest and most successful Exclusive Buyer Agencies, HelpUBuy America. We charge a flat-fee for our services, so our fee is the same regardless of whether you buy a $150,000 home or a $500,000 home. This eliminates the conflict of interest that exists when you an agent is paid a commission based on the sales price of the home.

We've been protecting the rights of first-time homebuyers since 1995, and we'd love to assist you. I've also had a book published on Amazon called Buying a Home: Don't Let Them Make a Monkey Out of You. It'll teach you how to buy a home without getting ripped off.

Let me know if we can help.
Best of luck!

Alysse Musgrave
214-734-3863
Alysse@HelpUBuyAmerica.com
http://www.helpubuyamerica.com
0 votes Thank Flag Link Wed Feb 5, 2014
NOTE: Trulia currently has a tech issues posts/comments are currently shown as run on statements from professionals

Miriam is correct with her statement based on lender approval of your credit scores, purchase price of the home and type of loan. Minimum is approx. 3.5% or more

My website is updated daily therefore saves you time search accurate information

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0 votes Thank Flag Link Wed Feb 5, 2014
Hi Andres,
The down payment on a home purchase depends on the type of loan you get. Ideally, lenders prefer for you to put 20% down in order to avoid paying Private Mortgage Insurance (PMI). However, there are types of loans that you can get without putting such a large percentage down. The best thing for you to do is contact a local lender. A lender can let you know how much money they will allow you to borrow and how much they require as a down payment. Don't forget to ask about other fees that are involved too such as closing costs and fees for the appraisal of your new home. Good luck!
0 votes Thank Flag Link Wed Feb 5, 2014
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