Rita Jackson, Other/Just Looking in Tipton, CA

how do you know the approximate closing cost & the down payment?

Asked by Rita Jackson, Tipton, CA Wed Jun 23, 2010

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Steven Murray, Agent, Visalia, CA
Wed Jun 23, 2010
Based on the type of loan your lender secures for you the down payment can vary for an FHA loan 3.5% up to 20% on a conventional loan. The closing costs a good rule of thumb is like 3% of the purchase price of the home. The key thing to do before you get looking really hard at homes is to get pre-qualified by a local lender. That way you do not waste your time looking at homes that you can not get a loan for. Give me a call at 559-410-0481 for more information.
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