Property Q&A in Corona>Question Details

Julie, Home Buyer in Sun Groves, Chandler,...

what is the down payment?

Asked by Julie, Sun Groves, Chandler, AZ Wed Feb 20, 2013

This question was asked from this property:…

Help the community by answering this question:


It's $2850 deposit, $35 credit check and $2650 for first months rent. $35 with lease application, then $5500 for move in.

Contact me if you want to see it.

Elise Timpe
Web Reference:
1 vote Thank Flag Link Wed Feb 20, 2013
Hello Julie, It is usually first, last and some type of security deposit. Do you need RENT vs BUY listings emailed to you to study and compare?

Do you have a BK or foreclosure in the last 2-3 years? If not, you may qualify to buy with a minimum 580 fico score and only half percent down payment which can contribute towards your closing costs as well. You can buy with minimum out of pocket expenses. It only takes a few dozen questions to qualify you in minutes...

I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify. I can raise fico scores within 3-4 days in most cases. Here are some links to study and consider.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
DRE# 01140252
NMLS# 297251
9am till 9pm 7 days
0 votes Thank Flag Link Wed Feb 20, 2013
Down Payment, it is considered your required part of the investment. Loan will offer a percentage of the total value of a property and based on your credit, income and/or specific factors of your situation. The difference form what the lender/bank offers you, it becomes your "down payment". There are different programs for different "down payment" situations, the lowest (traditional lending) is 3%. You should consult with your Realtor, about specifics. Currently also there are several "Down Payment Assistance" programs to help you reduce your cash outlay.
0 votes Thank Flag Link Wed Feb 20, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer