Property Q&A in Queens>Question Details

Lisa Sutton, Home Buyer in 11435

Does this property require a minimum down payment and what are the taxes? Thanks

Asked by Lisa Sutton, 11435 Sun Mar 1, 2009

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This question is about this property: http://www.trulia.com/property/1073863892-69-38-140th-St-Que…

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The amount of the down payment requested is 20% down. We can try to work on the it a little more. Let
me known what you think.
Here is my website http://fajardodelacruz.realtors.officelive.com

Hope to hear from you soon.
0 votes Thank Flag Link Sun Mar 1, 2009
Your down payment will be determined by the type of financing you obtain. If you are a first time homebuyer you can look into FHA at 3.5% down. A conventional loan will require at least 20% down. if you are a veteran you can qualify for a VA loan which is 100% financing. your first step should be to sit down with a reputable,local mortgage lender & discuss your options.
0 votes Thank Flag Link Sun Mar 1, 2009
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