Property Q&A in Fort Worth>Question Details

Veronica Car…, Renter in Saginaw, TX

how much down ?

Asked by Veronica Cardona, Saginaw, TX Wed Jun 26, 2013

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This question was asked from this property: http://www.trulia.com/rental/3065322585-3007-Refugio-Ave-For…

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It shows the deposit to be $545.00 + your 1st months rent of $695.00. There would be an application fee as well for all adults wanting to rent.
0 votes Thank Flag Link Thu Jun 27, 2013
The security deposit on this rental property is listed as $545.
This is in addition to the rent to be paid prior to move-in.
0 votes Thank Flag Link Wed Jun 26, 2013
I'm sorry Veronica, but your question is a bit confusing. If you are talking about renting a house, there is no "down payment." That is when you buy a house, and the minimum FHA down payment is 3.5% of the price of the house.

If you are leasing a house, the Security Deposit is usually equal to one month's rent. But it is up to the landlord and he can ask for anything he wants. Some are less, and some are double that amount. (especially for an applicant with poor credit)

In addition to the Security Deposit, you may have a Pet Deposit, the first month's rent in full, and administrative fees. These fees differ from office to office, and some property managers charge you for each adult on the lease. Our office only charges one flat fee for the whole family.

Good luck on finding the right house, and let me know if you have any other questions.

Rick DeVoss

ULTRA Real Estate Services

817-300-6121


Direct email: WholeLife@Yahoo.com
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0 votes Thank Flag Link Wed Jun 26, 2013
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