Property Q&A in Warren>Question Details

Darlene Vans…, Home Buyer in Harsens Island, MI

How much down on this house how is it purchased?

Asked by Darlene Vanscoy, Harsens Island, MI Sun Sep 2, 2012

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This question is about this property: http://www.trulia.com/homes/Michigan/Warren/sold/1349059-272…

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Answers

1
Darlene,

You are looking at public records. not a listing for sale.
When you are purchasing a house, it depends on the type of loan that you are using. FHA requires at least 3.5% down. If you do not want to pay PMI(its.25) then you need at least 20% down. VA requires
0% down. There are also closing costs involved. You need to speak with a mortgage person about all this. I can give you some names if you like.

Hope this helps
0 votes Thank Flag Link Sun Sep 2, 2012
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