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Home Buying in Gothenburg : Real Estate Advice

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Sat Jun 26, 2010
Dan Tabit answered:
Armin,
Some lenders have different standards, but typically you'll need at least 3.5% of the purchase price available as down payment and 2-3 months of your full payment left over in the bank after closing as reserves. Closing costs for most loans are 2%-3% but can be paid by you or the seller.
As Anna said, your best bet would be to meet with a local lender to look at your whole financial package and get you either pre-approved for a purchase or provide a plan to get you there.
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