Home Buying in 76048>Question Details

Julielayco2@…, Renter in 76048

In local market, what is usual down payment?

Asked by Julielayco2@yahoo.com, 76048 Fri Apr 27, 2012

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3
Bruce Lynn’s answer
Check with your loan officer to see what type of loan you qualify for.

Some are 0% down
Some might be $100 down
Some might be 3.5% down
Some might be 25% -50% down

It can depend on a lot of things like credit, reserves, income, etc.
0 votes Thank Flag Link Fri Apr 27, 2012
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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If you are going with a conventional mortgage it can be as much as 20% if you don't want to pay PMI, but there are loans available with 0% down, like a USDA loan, which Granbury is eligible for. FHA loans are usually 3.5% down. It's best to consult a mortgage broker for your specific situation.
Ellen Lane, DFW Home Properties 817-991-1128
0 votes Thank Flag Link Mon Aug 27, 2012
It depends on the type of financing you want. There are programs starting at 0% down and up. Your best bet is to speak with a loan officer or broker to discuss your loan options and see which is right for you.

Best of luck to you.

_______________________________________
Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
listings@dongroff.com | http://www.AustinListed.com
0 votes Thank Flag Link Mon Apr 30, 2012
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