As mentioned - other up front fees generally include any home inspections and your appraisal fees.
If you'd like some help - my team would be happy to work with you. We can meet with you to get your loan approval started and then find you a home!
Real Estate Broker & Loan Officer
Keller Williams Realty & Sunset Mortgage Co.
I just learned yesterday that the USDA is going to be available in Wilsonville, the downside is that the closer in you move to the metro area, the higher the prices seem to be. This is also a good time to negotiate closing costs with the seller.
Depending on the area you are looking to purchase there are a couple of other options that I have recently used quite effectively with my buyer clients. There are signs the economy is stabilizing, so you are wise to beat the rush. Plus, if you are a first time buyer there is that $8000 Tax Credit incentive.
I think you are wise to consider moving forward and evaluating the possibilities of home ownership via the USDA loan. Onpoint Credit Union also has a 100% purchase option.
Let me know if you would like the help of a great Buyers Agent to work through all the scenarios and help you find a fantastic place to call home.
Linda Heinrichs, Broker
RE/MAX Equity Group, Inc.
The more you do save, the better you'd do in terms of the price point you want since you can bring in a down payment and reduce your monthly payment.
Where it may be too good to be true is that the areas these 100% loans are available are typically rural and if schools or commute to where you currently live are a factor, you might want to wait til you can afford the location you know well vs. just going for the "deal" of 100% loan financing.
The best thing to do is talk with a lender and choose a buyer's agent who can work with you to achieve success. Even with 60 days, there is a lot out there. It'll happen!