Property Q&A in Burnt Store>Question Details

fmuribi, Home Buyer in Cape Coral, FL

How much i need to put down for this house ?

Asked by fmuribi, Cape Coral, FL Fri Feb 1, 2013

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This question was asked from this property: http://cnnmoney.trulia.com/foreclosure/3103714121--NW-41st-A…

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Answers

7
You will need to get in touch with a lender....I have a fantastic one. Let me know if you would like to connect with her.

jessemcgreevy@gmail.com
239-898-5329
http://www.Domain-RealtyGroup.com
0 votes Thank Flag Link Sun Feb 3, 2013
If you are looking for a home, I would suggest using a professional mortgage banker and a professional realtor. Our job is to make sure you are guided through the processes and to help you make the right decisions. Plus we can send you actual listings and not fake ones. Let me know if I can be of further assistance.
0 votes Thank Flag Link Fri Feb 1, 2013
Our wasting your time. This house isn't for sale yet and Realty Trac is really only interested in your subscribing to their service any one of the fine agents here could do for you for free.

As far as how much do you need, cash most likely. When you do bid on this it will not likely be in living condition and therefore your lender will not likely give you a loan for a property that cant be lived in.

So unless your a contractor or have cash, dont waste your time
0 votes Thank Flag Link Fri Feb 1, 2013
Multiply the price you see by at least 20, and that will be the price once it gets on the market.
0 votes Thank Flag Link Fri Feb 1, 2013
That is a question for a lender. If you are considering the purchase of a home and need to finance it, your Agent, whichever one you choose to work with, will likely ask you to obtain a loan pre-approval letter. The lender you contact for such a letter can discuss with you the down payment requirements of the various types of loans.
0 votes Thank Flag Link Fri Feb 1, 2013
The home is not for sale yet and it will sell for a much greater price. Your down payment will depend upon your income, assets, credit and use of the home (primary, rental, second home).

If it is your primary residence, FHA has a minimum of 3.5% down payment. VA has a zero down payment and conventional loans require 5% down.

Please call or email me with any questions.

Steve Geving
Jones and Co Realty
239-573-1400
http://www.swflhomeresource.com
stevegeving@hotmail.com
0 votes Thank Flag Link Fri Feb 1, 2013
This property is currently not for sale. When it does come on the market, it won't be at this price.

It is just another placement by RealtyTrac, a subscription based service that trolls public records and gets fees paid for access to their information. The price that they place on the property is usually nowhere near realistic. The information that RT uses is not proprietary and is easily accessible.

Visit http://marketwatchrealestate.com to see homes for sale in real time.
0 votes Thank Flag Link Fri Feb 1, 2013
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