Property Q&A in Cicero>Question Details

rustywc, Other/Just Looking in Sheridan, IN

what is the total downpayment Need to know total cost of everything?

Asked by rustywc, Sheridan, IN Wed Apr 25, 2012

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This question is about this property: http://www.trulia.com/property/3073559951-1000-Katie-Ln-Cice…

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This home will need different financing then a regular home as you are not buying the land......you will be renting the land for $305 per month. This is also an over 55 community so if you are not 55 yrs old you can't buy in there. The financing would be like mobile home financing and you wood need to contact a lender that handles those type of loans. I think one is called GREENTREE Financing
0 votes Thank Flag Link Wed Apr 25, 2012
You can go FHA and put 3.5% down and then ask the seller to pay for closing cost. There are additional ways to finance, but this is least out of pocket expense. Please call with additional questions.
0 votes Thank Flag Link Wed Apr 25, 2012
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