Unless you qualify for a VA loan which is 100% financed you will have to come in with a down payment. However, there are many programs that you can investigate that have certain guidelines, i.e,. you can't make more than $75,000 a year, etc. Best to check with your qualified loan agent. And if you are buying a foreclosed or bank owned property, you can always ask the seller (bank) for assistance in non-recurring closing costs.
Joyce Virtue, Broker Associate
Five Diamond Properties
Ca Lic 01155911
When you purchase a home property taxes are 1.25% of the purchase price per year. They're also paid in two yearly installments. As far as homeowner's insurance you can call my partner who is an Allstate Agent and they can assist you with that information. His name is Michael Pohl Allstate Insurance 8183774121 firstname.lastname@example.org
One thing to be aware of, if you are getting a loan your loan specialist with provide you with an Good Faith Estimate that will detail all of the pertinent costs including taxes and insurance.
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