Property Q&A in Conley>Question Details

Tommy A. Ful…, Home Buyer in Conley, GA

What is the down payment on this house?

Asked by Tommy A. Fullerton Jr., Conley, GA Tue Jun 29, 2010

Can I rent to own this house?

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This question is about this property: http://www.trulia.com/property/1092454376-2497-Rockknoll-Dr-…

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2
As Michael mentioned the down payment typically is related to the type of financing you are going to get on the property.

Most homes under $50K such as this one will not qualify for typical financing. It's difficult to get a secured loan on a home for less that $50K. Most are purchased for cash.

The agent listing this property primarily deals with foreclosures. Based on this the property is probably not available for rental.
0 votes Thank Flag Link Wed Jun 30, 2010
If it is a HUD home, Tommy, as litlle as $100; if the buyer qualifies for a VA loan, zero. An FHA loan would require 3.5% down.

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.SellsRealty.org
0 votes Thank Flag Link Tue Jun 29, 2010
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