Usually a seller wants a buyer to put down a down payment large enough to ensure the buyer isn't playing games - they want to know you are serious before they take their home off the market and make it unavailable to other buyers who may be more serious....
Usually 1% is a reasonable earnest deposit.... more
You have just been given great advice by John and Dirk. Your ability to get assistance and qualify to by a home is best determined by a good mortgage broker. Chris and I can certainly refer you to a qualified and trusted professional in your area if you'd like to move forward. Feel free to check out our website and if you'd like to contact us we'd point you in the right direction.
Once you know where you stand financially regarding purchasing a property, you will be in a much more sound position. Seperation can be difficult and emotionally strenuous. Buying and selling a home can be equally trying. We probably do not have to say this but it helps to surround yourself with people and professionals that have your best interest in mind.... more