Property Q&A in Dracut>Question Details

Arthur5789, Home Buyer in Dracut, MA

how much down?

Asked by Arthur5789, Dracut, MA Sat May 14, 2011

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This question is about this property: http://www.trulia.com/property/3048022764-63-Parker-Ave-Drac…

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3
There are MANY low amount down programs right now. Have you made contact with a mortgage broker (who has access to all the lenders)? If not, let me know...I can connect you.

Amy
Amymullen@remax.net
508-784-0504
0 votes Thank Flag Link Sun May 15, 2011
Depends on the condition of the home. If it needs work you may be able to get a 203k loan for the purchase and improvements. There are also programs that only require 3.5% The agent that has the propety may beable to guide you as well, or your buyers agent.

Check out these web sites from Hud as there are programs that may be helpful to you.

http://www.hud.gov/local/index.cfm?state=ma&topic=homeow…

http://www.hud.gov/buying/loans.cfm

Louis Wolfson

Representing Greater Boston's finest builders and communities - Brookline, Dover, Needham, Newton, Wellesley and Weston
Web Reference: http://www.LouisWolfson.net
0 votes Thank Flag Link Sun May 15, 2011
Its a hud property so I would recommend working with a buyer agent to find out what they will accept. I would recommend 20 to 25% down
0 votes Thank Flag Link Sat May 14, 2011
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