Property Q&A in Perth Amboy>Question Details

Liz, Renter in 08861

Is their a deposit for the house if so how much would it be ?

Asked by Liz, 08861 Wed Oct 16, 2013

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This question was asked from this property: http://www.trulia.com/rental/3134477910-552-Compton-Ave-Pert…

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4
You can get a Fannie Mae mortgage with as little as 3% down; however this minimum is increasing to 5% November 1st. You can still do an FHA Mortgage with as little as 3.5% down payment. You can even ask for a seller's credit to help cover some if not most of your closing expenses. If you'd like to look at some scenarios please contact me at your convenience :-) Thank you
0 votes Thank Flag Link Wed Oct 16, 2013
Feel free to reach out to me at 908-912-5295 so we can talk more personally about your real estate needs.
0 votes Thank Flag Link Wed Oct 16, 2013
552 Compton Ave is available for sale $199,000, with a FHA loan a down payment of
almost $7,000. A intial deposit would be $1,000 upon signing of contract.
any other questions or to view this house please call my cell 848-250-1035
Thank you
0 votes Thank Flag Link Wed Oct 16, 2013
The amount of a deposit on a home is determined by many factors such as what type of mortgage you are going to apply for and what you qualify for. The downpayment on a home could be anywhere from approximately 3% to 20% or higher.
0 votes Thank Flag Link Wed Oct 16, 2013
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