Home Buying in Chicago>Question Details

Sakina Haywa…, Home Buyer in chicago ill

how much would i have to put down to prchase this property and who do i contact?

Asked by Sakina Hayward, chicago ill Fri Jan 16, 2009

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This question is about this property: http://www.trulia.com/property/1073433558-6611-S-Champlain-A…

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Answers

3
Dear Sakina,

There is no set amount of money or particular percentage of the purchase price of a property that is "required" as a down payment for you to proceed with a purchase transaction. A competent mortgage lender can speak with you about your specific loan and overall financial needs to suggest a loan product that might work best for your situation.

If you'd like a list of mortgage lenders that I've successfully worked with in the past, I'd be happy to provide you with some names.

After having contacted a lender, if you are planning to use a real estate agent to assist you with your transaction I'd be happy to help you.

Good luck, and let me know if you have any additional questions.

Sincerely,
Christopher Thomas
Broker Associate, Sudler Sotheby's International Realty
773-418-0640 (cell)
christopher.thomas@sothebysrealty.com
Web Reference: http://www.myagentchris.com
0 votes Thank Flag Link Sat Jan 17, 2009
It's single family so you could do FHA which means you only need 3.5% down. You also don't need perfect credit. I understand the lending side of things and can guide you through the process. Myself and my people will be there every step of the way.

Scott Newman
Newman Realty
0 votes Thank Flag Link Fri Jan 16, 2009
You need to contact a mortgage broker who will review your financial records for lender approval. Loan officer will provide you downpayment amount, based on credit score, debt ratio, employment history, taxes, insurance.

After lender approval work with local realtor who will represent you submitting an offer purchase home
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Fri Jan 16, 2009
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